GBPUSD Technical Analysis today is in a downward trend with the emergence of a sideways area. As shown in the chart below. The price of the pound dollar is trading at a price of 1.26159, and trading appears under most of the moving average intersections, as the MACD indicator indicates the emergence of a positive trend. Accordingly, we can consider selling from the decline to a price of 1.26031 dollars, and the target area could be 1.25882 dollars. It is also recommended to choose the 1.26330 dollars 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 $1.26330 is broken, the GBP/USD price may head towards $1.26445.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.2636
- First Resistance: 1.26294
- Pivot Level: 1.26201
- First Support: 1.26133
- Second Support: 1.26040
