GBPUSD Technical Analysis The pair closed at $1.29394, trading above most of the moving average crossovers, as shown on the chart. The MACD indicator also indicates a positive trend. Accordingly, we can consider buying in the first session of this week, the Asian session, from a rise to $1.29464, with a potential target area of $1.29563. It is also recommended to choose the $1.29250 area as a stop-loss point to control risk.
GBPUSD Technical Analysis: On the Other Hand
if the $1.29464 sell zone is broken, the GBP/USD price may head towards $1.29173.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.29523
- First Resistance: 1.29491
- Pivot Level: 1.29440
- First Support: 1.29366
- Second Support: 1.29335
