GBPUSD Technical Analysis: Bearish trading

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 1.2994 dollars, and trading appears under most of the moving average intersections, as the MACD indicator indicates a negative trend. Accordingly, we can consider selling from the decline to a price of 1.2980 dollars, and the target area could be 1.2961 dollars. It is also recommended to choose the 1.3023 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 $1.3023 is broken, the GBP/USD price may head towards $1.3038.

GBPUSD Technical Analysis

GBPUSD Technical Analysis: Resistance and Support Levels

  • Second Resistance: 1.3011
  • First Resistance: 1.3007
  • Pivot Level: 1.3001
  • First Support: 1.2991
  • Second Support: 1.2987
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