GBPUSD Technical Analysis today is in a downward trend. As shown in the chart below. The price of the pound dollar is trading at 1.2712, and trading appears above most of the moving average intersections, as the MACD indicator indicates a positive trend. Accordingly, we can consider selling from the decline to a price of 1.2697 dollars, and the target could be the 1.2680 dollar area. It is also recommended to choose the 1.2729 dollar 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 $1.2729 is broken, the GBP/USD price may head towards $1.2741.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.2733
- First Resistance: 1.2723
- Pivot Level: 1.2705
- First Support: 1.2695
- Second Support: 1.2677
