GBPUSD Technical Analysis The pair concluded when the pound price was trading at $1.3125.
as prices appear to be trading below most of the moving average intersections shown on the chart. The MACD indicator also indicates a negative trend, and accordingly, we can consider selling in the first session of this week, which is the Asian session, from a decline to $1.3087, and the target area could be $1.3036. It is also recommended to choose the $1.3191 area as a stop loss point to control risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the 1.3191 dollar buy zone is broken, the euro price may head towards the 1.3224 dollar level
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.3135
- First resistance: 1.3131
- Pivot level: 1.3125
- First support: 1.3121
- Second support: 1.3115
