GBPUSD Technical Analysis today is in an upward 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 1.26074, and trading appears above most of the moving average intersections, as the MACD indicator indicates the emergence of a positive trend. Accordingly, we can look to buy from the rise to a price of 1.26339 dollars, and the target area could be 1.26701 dollars. It is also recommended to choose the 1.25638 dollars area as a stop loss point to control the risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the sell zone at $1.25638 is broken, the GBP/USD price may head towards $1.25389.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.26188
- First Resistance: 1.26133
- Pivot Level: 1.26022
- First Support: 1.25976
- Second Support: 1.25866
