GBPUSD Technical Analysis today is in a bearish direction with the appearance of a sideways area. As shown in the chart below. The pound dollar price is trading at 1.26343, and trading appears below most of the moving average intersections, as the MACD indicator indicates the emergence of a weak positive trend. Accordingly, we can consider selling from the decline to a price of 1.26098 dollars, and the target area could be 1.25840 dollars. It is also recommended to choose the 1.26556 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 $1.26556 is broken, the GBP/USD price may head towards $1.26775.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.26469
- First Resistance: 1.26397
- Pivot Level: 1.26304
- First Support: 1.26234
- Second Support: 1.26140
