GBPUSD Technical Analysis The pair concluded when the pound price was trading at $1.2919, as prices appear to be trading below most of the moving average intersections shown on the chart. The MACD indicator also indicates a weak negative trend. Accordingly, we can consider selling in the first sessions of this week, which is the Asian session, from a decline to $1.2906, and the target area could be $1.2887. It is also recommended to choose the $1.2937 area as a stop loss point to control risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the 1.2937 buy zone is broken, the euro may head towards the 1.2950 level
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.2932
- First Resistance: 1.2927
- Pivot Level: 1.2918
- First Support: 1.2912
- Second Support: 1.2904
