GBPUSD Technical Analysis today at the beginning of an upward trend. As shown in the chart below. The price of the pound dollar is trading at a price of 1.3407 dollars, and trading appears above most of the moving average intersections, as the MACD indicator indicates the beginning of a positive trend. Accordingly, we can look to buy from the rise to a price of 1.3430 dollars, and the target could be the area of 1.3467 dollars. It is also recommended to choose the area of 1.3364 dollars as a stop loss point to control the risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the selling area at $1.3364 is broken, the price of the pound dollar may head towards the level of $1.3340.
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.3461
- First resistance: 1.3445
- Pivot level: 1.3418
- First support: 1.3402
- Second support: 1.3375
