GBPUSD Technical Analysis Today’s technical analysis of the British Pound/Dollar shows a downward trend, as shown in the chart below. The British Pound/Dollar price is trading at 1.29713, with trading below most of the moving average crossovers. The MACD indicator also indicates a bearish trend. Accordingly, we can consider selling from a decline to $1.29638, with a target of $1.29521. It is also recommended to choose the $1.29849 area as a stop-loss point to control risk.
GBPUSD Technical Analysis: On the Other Hand
On the other hand, if the buy zone at $1.29849 is broken, the GBP/USD price may head towards $1.29927.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.29827
- First Resistance: 1.29779
- Pivot Level: 1.29672
- First Support: 1.29623
- Second Support: 1.29570
