GBPUSD Technical Analysis The pair concluded when the pound price was trading at $1.25793, as trading appears below most of the moving average intersections as shown on the chart. The MACD indicator also indicates the emergence of a negative trend. Accordingly, we can consider selling in the first sessions of this week, which is the Asian session, from a decline to $1.25641, and the target area could be $1.25428. It is also recommended to choose the $1.25978 area as a stop loss point to control risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the 1.25978 dollar buy zone is broken, the price of the pound dollar may head towards the 1.26154 dollar level.
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.25934
- First resistance: 1.25876
- Pivot level: 1.25786
- First support: 1.25721
- Second support: 1.25632
