GBPUSD Technical Analysis today is in a downward trend. As shown in the chart below. Where the price of the pound dollar is trading at a price of 1.3089 dollars, and trading appears under most of the moving average intersections, as the MACD indicator indicates a negative trend. Accordingly, we can consider selling from the decline to a price of 1.3064 dollars, and the target area could be 1.3026 dollars. It is also recommended to choose the 1.3139 dollars 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 $1.3139 is broken, the GBP/USD price may head towards $1.3167.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.3101
- First Resistance: 1.3096
- Pivot Level: 1.3086
- First Support: 1.3081
- Second Support: 1.3071
