GBPUSD Technical Analysis Today’s technical analysis of the British Pound Dollar is in a bearish trend, as shown in the chart below. The British Pound Dollar price is trading at 1.29635, with trading below most of the moving average crossovers. The MACD indicator also indicates a bearish trend. Accordingly, we can consider selling from a decline to $1.29511, with a potential target of $1.29330. It is also recommended to choose the $1.29829 area as a stop-loss point to control risk.
GBPUSD Technical Analysis: On the Other Hand
On the other hand, if the buy zone at $1.29829 is broken, the GBP/USD price may head towards $1.29967.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.29889
- First Resistance: 1.29816
- Pivot Level: 1.29674
- First Support: 1.29600
- Second Support: 1.29466
