GBPUSD Technical Analysis The pair concluded when the pound price was trading at $1.2919, as prices appear to be trading below most of the moving average intersections shown on the chart. The MACD indicator also indicates a weak negative trend. Accordingly, we can consider selling in the first sessions of this week, which is the Asian session, from a decline to $1.2907, and the target area could be $1.2889. It is also recommended to choose the $1.2939 area as a stop loss point to control risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the 1.2939 dollar buy zone is broken, the euro price may head towards the 1.2950 dollar level
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.2935
- First resistance: 1.2928
- Pivot level: 1.2924
- First support: 1.2917
- Second support: 1.2913
