GBPUSD Technical Analysis: Bearish trend

GBPUSD Technical Analysis today is in a downward trend. The pound is trading at $1.2699, and trading appears below most of the moving average intersections. The MACD indicator also indicates a weak negative trend. Accordingly, we can look to sell from a drop to the price of $1.2682, and the target could be the $1.2659 area. It is also recommended to choose the $1.2730 area as a stop loss point to control risks.

GBPUSD Technical Analysis: on the other side

On the other hand, if the buy zone at $1.2730 is broken, the pound price may head towards the $1.2744 level.


GBPUSD Technical Analysis: resistance and support levels

  • Second resistance: 1.2711
  • First resistance: 1.2706
  • Pivot level: 1.2699
  • First support: 1.2695
  • Second support: 1.2687
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