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: Resistance and Support Levels
- Second Resistance: 1.2972
- First Resistance: 1.2965
- Pivot Level: 1.2962
- First Support: 1.2955
- Second Support: 1.2952