GBPUSD Technical Analysis The pair closed at $1.29316, trading below most of the moving average crossovers, as shown on the chart. The MACD indicator also indicates a weak downtrend. Accordingly, we can consider selling in the first session of this week, the Asian session, from a decline to $1.29163, with a potential target area of $1.28900. It is also recommended to choose the $1.29565 area as a stop-loss point to control risk.
GBPUSD Technical Analysis: On the Other Hand
On the other hand, if the 1.29565 buy zone is broken, the GBP/USD price may head towards the 1.29766 level.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.29439
- First Resistance: 1.29406
- Pivot Level: 1.29346
- First Support: 1.29256
- Second Support: 1.29227
