GBPUSD Technical Analysis today is in an upward trend within the sideways trend. As shown in the chart below. The price of the pound dollar is trading at a price of 1.2976 dollars, and trading appears above most of the moving average intersections, as the MACD indicator indicates a weak positive trend. Accordingly, we can look to buy from the rise to a price of 1.2986 dollars, and the target could be the 1.3005 dollar area. It is also recommended to choose the 1.2954 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 $1.2954 is broken, the GBP/USD price may head towards $1.2941.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.2994
- First Resistance: 1.2988
- Pivot Level: 1.2983
- First Support: 1.2972
- Second Support: 1.2967
