GBPUSD Technical Analysis The pair concluded when the pound price was trading at $1.29238, as trading appears above most of the moving average intersections as shown on the chart. The MACD indicator also indicates the emergence of a positive trend. Accordingly, we can look to buy in the first sessions of this week, which is the Asian session, from the rise to $1.29419, and the target area could be $1.29726. It is also recommended to choose the $1.28843 area as a stop loss point to control risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the selling area of 1.28843 dollars is broken, the price of the pound dollar may head towards the level of 1.28663 dollars.
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.29326
- First resistance: 1.29293
- Pivot level: 1.29245
- First support: 1.29213
- Second support: 1.29160
