GBPUSD Technical Analysis: bullish trading

GBPUSD Technical Analysis The pair concluded when the pound price was trading at $1.2958, as prices appear to be trading below most of the moving average intersections shown on the chart. The MACD indicator also indicates a weak positive trend. Accordingly, we can look to buy in the first sessions of this week, which is the Asian session, from the rise to $1.2970, and the target area could be $1.2990. It is also recommended to choose the $1.2939 area as a stop loss point to control risks.

GBPUSD Technical Analysis: On the other hand

On the other hand, if the 1.2939 sell zone is broken, the EUR/USD may head towards the 1.2929 level

GBPUSD Technical Analysis

GBPUSD Technical Analysis: Resistance and Support Levels

  • Second Resistance: 1.2972
  • First Resistance: 1.2965
  • Pivot Level: 1.2962
  • First Support: 1.2955
  • Second Support: 1.2952
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