GBPUSD Technical Analysis today is in an upward trend. As shown in the chart below. The price of the pound dollar is trading at 1.2512, and trading appears above most of the moving average intersections, as the MACD indicator indicates the emergence of a positive trend. Accordingly, we can look to buy from the rise to 1.2540 dollars, and the target area could be 1.2580 dollars. It is also recommended to choose the 1.2450 dollars area as a stop loss point to control the risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the selling zone at $1.2450 is broken, the GBP/USD price may head towards the level of 1.2422
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.2536
- First Resistance: 1.2522
- Pivot Level: 1.2513
- First Support: 1.2499
- Second Support: 1.2490
