GBPUSD Technical Analysis The pair concluded when the pound price was trading at $1.3041, as prices appear to be trading above most of the moving average intersections shown on the chart. The MACD indicator also indicates a positive trend, and accordingly, we can look to buy in the first sessions of this week.
which is the Asian session, from the rise to $1.3049, and the target area could be $1.3062. It is also recommended to choose the $1.3028 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 1.3028 dollars is broken, the euro price may head towards the level of 1.3019 dollars
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.3048
- First resistance: 1.3045
- Pivot level: 1.3043
- First support: 1.3038
- Second support: 1.3036