GBPUSD Technical Analysis: Bearish trading

GBPUSD Technical Analysis today is in an upward trend. As shown in the chart below. The price of the pound dollar is trading at 1.2431, and trading appears under most of the moving average intersections, as the MACD indicator indicates the emergence of a negative trend. Accordingly, we can look to buy from the rise to a price of 1.2447 dollars, and the target area could be 1.2474 dollars. It is also recommended to choose the 1.2398 dollars area as a stop loss point to control the risks.

GBPUSD Technical Analysis: On the other hand

On the other hand, if the selling zone at $1.2398 is broken, the GBP/USD price may head towards $1.2377.

GBPUSD Technical Analysis

GBPUSD Technical Analysis: Resistance and Support Levels

  • Second Resistance: 1.2455
  • First Resistance: 1.2442
  • Pivot Level: 1.2432
  • First Support: 1.2419
  • Second Support: 1.2409
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