GBPUSD Technical Analysis is in a bearish trend, as shown in the chart below. The British Pound Dollar price is trading at 1.29148, 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 $1.29052, with a target of $1.28928. It is also recommended to choose the $1.29273 area as a stop-loss point to control risk.
GBPUSD Technical Analysis: On the Other Hand
if the buy zone at $1.29273 is broken, the GBP/USD price may head towards $1.29376.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.29266
- First Resistance: 1.29185
- Pivot Level: 1.29143
- First Support: 1.29064
- Second Support: 1.29027
