GBPUSD Technical Analysis The pair concluded when the pound price was trading at $1.2207, as trading appears above most of the moving average intersections as shown on the chart. The MACD indicator also indicates a negative trend, which enhances the negative possibilities for the pair. Accordingly, we can consider selling in the first sessions of this week, which is the Asian session, from a decline to $1.2165, and the target area could be $1.2104. It is also recommended to choose the $1.2276 area as a stop loss point to control risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the 1.2276 dollar buy zone is broken, the euro price may head towards the 1.2317 dollar level.
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.2215
- First resistance: 1.2211
- Pivot level: 1.2207
- First support: 1.2203
- Second support: 1.2199
