GBPUSD Technical Analysis: bearish trend

American session, date: 6/26/2024

Introduction and overview

This report provides a technical analysis of the GBPUSD pair, focusing on trading strategies based on resistance and support levels. The pair is currently trading at $1.2647. Prices are trading below most of the moving average crossovers, indicating strength in the downtrend. The MACD indicator indicates a negative trend, which enhances the negative possibilities for the pair.

GBPUSD Technical Analysis

Trading strategies levels on Buy/Sell levels

GBPUSD In case of buying in case of selling
Entry point 1.2677 1.2631
Point 1 (TP1) First resistance: 1.2691 First support: 1.2605
Target Point 2 (TP2) Second resistance: 1.2717 Second support: 1.2580
Stop Loss (SL) 1.2631 1.2677



These strategies depend on the price’s location relative to support and resistance levels and suggest the best ways to profit from price movements based on support and resistance indicators. Traders should carefully monitor these levels to identify appropriate opportunities to enter and exit the market, while maintaining appropriate risk management strategies to protect their investments

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