GBPUSD Technical Analysis: The GBP/USD pair is trading in a bearish trend during the American session, as it recorded its highest price today at 1.3012 and the lowest price at 1.2964. Currently, the pair is trading at the level of 1.2973, indicating the continuation of the selling pressure.
GBPUSD Technical Analysis: Technical Analysis
Technical data indicates that prices are trading below the moving averages indicators, which reinforces the current downtrend. Moreover, the MACD indicator shows a negative trend supported by strong selling demand, reflecting traders’ preference to benefit from the downward movement.
Trading Expectations
Based on current trends, the pair is expected to remain under bearish pressure in the short term. Trading could range between 1.2964 and 1.3012. Any reversal signals or new entry points that may appear, especially from momentum indicators, should be monitored.
Trading strategies based on Buy/Sell levels
| In case of buying | in case of selling | GBPUSD |
| 1.2989 | 1.2962 | Entry point |
| First resistance: 1.3001 | First support: 1.2944 | Target Point 1 (TP1) |
| Second resistance: 1.3015 | Second support : 1.2910 | Target Point 2 (TP2) |
| 1.2962 | 1.2989 | Stop Loss (SL) |
The GBP/USD pair remains in a clear bearish zone, with any technical developments that may affect the trend to be monitored. Traders are advised to follow appropriate risk management strategies to achieve their market targets.
