GBPUSD Technical Analysis is in a bearish trend, as shown in the chart below. The British Pound Dollar is trading at 1.29790, and trading appears above most of the moving average crossovers. The MACD indicator also indicates a positive trend. Accordingly, we can consider buying from the rise to $1.29884, with a potential target of $1.30031. It is also recommended to choose the $1.29564 area as a stop-loss point to control risk.
GBPUSD Technical Analysis: On the Other Hand
if the sell zone at $1.29564 is broken, the GBP/USD price may head towards $1.29435.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.29904
- First Resistance: 1.29866
- Pivot Level: 1.29745
- First Support: 1.29664
- Second Support: 1.29621
