GBPUSD Technical Analysis: bullish trading

GBPUSD Technical Analysis today is in a weak bullish trend. As the chart below shows. The pound dollar price is trading at $1.2975, and trading appears below most of the moving average intersections, as the MACD indicator indicates a weak positive trend. Accordingly, we can consider selling from the decline to $1.2958, and the target could be the $1.2932 area. It is also recommended to choose the $1.3003 area as a stop loss point to control the risks.

GBPUSD Technical Analysis: On the other hand

On the other hand, if the buy zone at $1.3003 is broken, the price of the pound dollar may head towards the level of $1.3019.

GBPUSD Technical Analysis

GBPUSD Technical Analysis: Resistance and support levels

  • Second resistance: 1.3010
  • First resistance: 1.2994
  • Pivot level: 1.2984
  • First support: 1.2968
  • Second support: 1.2958
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