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 a price of 1.24742, and trading appears above most of the moving average intersections, as the MACD indicator indicates the emergence of a positive trend. Accordingly, we can look to buy from the rise to a price of 1.24993 dollars, and the target area could be 1.25310 dollars. It is also recommended to choose the 1.24327 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 $1.24327 is broken, the GBP/USD price may head towards $1.24110.

GBPUSD Technical Analysis

GBPUSD Technical Analysis: Resistance and Support Levels

  • Second Resistance: 1.24937
  • First Resistance: 1.24823
  • Pivot Level: 1.24712
  • First Support: 1.24600
  • Second Support: 1.24495
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