GBPUSD Technical Analysis today is in an upward trend. As shown in the chart below. The price of the pound dollar is trading at a price of 1.2210, and trading appears above most of the moving average intersections, as the MACD indicator indicates the emergence of a positive trend. Accordingly, we can look to buy from the rise to a price of 1.2238 dollars, and the target could be the area of 1.2275 dollars. It is also recommended to choose the area of 1.2161 dollars as a stop loss point to control the risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the selling zone at $1.2161 is broken, the GBP/USD price may head towards the level of 1.2134
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.2288
- First Resistance: 1.2250
- Pivot Level: 1.2222
- First Support: 1.2184
- Second Support: 1.2156
