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 1.2982 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 1.2971 dollars, and the target area could be 1.2954 dollars. It is also recommended to choose the 1.3000 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 $1.3000 is broken, the price of the pound dollar may head towards the level of $1.3011.
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.2995
- First resistance: 1.2992
- Pivot level: 1.2985
- First support: 1.2975
- Second support: 1.2972
