GBPUSD Technical Analysis: Bearish trend

GBPUSD Technical Analysis The pair concluded when the price of the pound was trading at $1.2688, where prices appear to be trading below most of the moving average intersections shown on the chart. The MACD indicator also indicates a negative trend and, accordingly, we can look to sell in the first session of this week, which is the Asian session, from falling to the price of $1.2674, and the target area could be $1.2654. It is also recommended to choose the $1.2721 area as a stop loss point to control risks.

GBPUSD Technical Analysis: On the other hand

On the other hand, if the $1.2721 buy zone is broken, the euro price may head towards the $1.2735 level.


GBPUSD Technical Analysis: resistance and support levels

  • Second resistance: 1.2697
  • First resistance: 1.2693
  • Pivot level: 1.2686
  • First support: 1.2682
  • Second support: 1.2675
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