GBPUSD Technical Analysis today is in an upward trend with the emergence of a consolidation area. As shown in the chart below. The price of the pound dollar is trading at a price of 1.28952, 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 1.29206 dollars, and the target area could be 1.29522 dollars. It is also recommended to choose the 1.28574 dollars area as a stop loss point to control the risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the sell zone at $1.28574 is broken, the GBP/USD price may head towards $1.28326.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.29349
- First Resistance: 1.29126
- Pivot Level: 1.28973
- First Support: 1.28750
- Second Support: 1.28603
