GBPUSD Technical Analysis: today is a downward trend. As the chart below shows. The price of the pound dollar is trading at 1.2589, and trading appears under most of the moving average intersections, as the MACD indicator indicates a negative trend. Accordingly, we can consider selling from the decline to a price of 1.2570 dollars, and the target could be the 1.2538 dollar area. It is also recommended to choose the 1.2623 dollar 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 $1.2623 is broken, the GBP/USD price may head towards $1.2647.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.2608
- First Resistance: 1.2599
- Pivot Level: 1.2592
- First Support: 1.2581
- Second Support: 1.2572
