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
