GBPUSD Technical Analysis today is in a bearish trend. As shown in the chart below. The price of the pound dollar is trading at a price of 1.25711, and trading appears under most of the moving average intersections, as the MACD indicator indicates the emergence of a negative trend. Accordingly, we can consider selling from the decline to a price of 1.25424 dollars, and the target area could be 1.25081 dollars. It is also recommended to choose the 1.26129 dollars area as a stop loss point to control the risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the buy zone at $1.26129 is broken, the GBP/USD price may head towards $1.26371.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.25945
- First Resistance: 1.25812
- Pivot Level: 41.2573
- First Support: 1.25601
- Second Support: 25502
