GBPUSD Technical Analysis: Sideways trading

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 1.3056 dollars, 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 1.3036 dollars, and the target area could be 1.3009 dollars. It is also recommended to choose the 1.3087 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 $1.3087 is broken, the price of the pound dollar may head towards the level of $1.3107.

GBPUSD Technical Analysis

GBPUSD Technical Analysis: Resistance and support levels

  • Second resistance: 1.3064
  • First resistance: 1.3061
  • Pivot level: 1.3055
  • First support: 1.3051
  • Second support: 1.3046
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