GBPUSD Technical Analysis today is in an upward trend. As shown in the chart below. The price of the pound dollar is trading at 1.2300, and trading appears above most of the moving average intersections, as the MACD indicator indicates the emergence of a positive trend. Accordingly, we can consider selling from the decline to a price of 1.2278 dollars, and the target area could be 1.2244 dollars. It is also recommended to choose the 1.2337 dollars area as a stop loss point to control the risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the buy zone at $1.2337 is broken, the GBP/USD price may head towards $1.2358.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.2338
- First Resistance: 1.2316
- Pivot Level: 1.2295
- First Support: 1.2273
- Second Support: 1.2252
