GBPUSD Technical Analysis: The pair concluded when the pound price was trading at $1.2738, as trading appears below most of the moving average intersections as shown on the chart. The MACD indicator also indicates a weak positive trend, which enhances the negative possibilities for the pair. Accordingly, we can look to buy in the first sessions of this week, which is the Asian session, from the rise to $1.2754, and the target area could be $1.2776. It is also recommended to choose the $1.2710 area as a stop loss point to control risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the 1.2710 sell zone is broken, the euro may head towards the 1.2691 level.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.2745
- First Resistance: 1.2742
- Pivot Level: 1.2738
- First Support: 1.2731
- Second Support: 1.2729
