GBPUSD Technical Analysis: The GBP/USD pair continues to trade in a bearish trend within a sideways trading range during today’s session. The pair recorded its highest level so far at 1.26006, while it recorded its lowest level at 1.25775, and is currently trading at 1.25927.
GBPUSD Technical Analysis: Technical Analysis
Technically, the pair is trading below the major moving averages, which reinforces the idea of continuing the negative pressure on the pair and supporting the downward trend in the short term. The MACD indicator also indicates a weak negative trend, reflecting the decline in the downward momentum, but it does not yet indicate a strong reversal in the trend.
Trading Expectations:
In light of this analysis, the pair is expected to continue moving within a sideways trading range below the moving averages, with the potential downward trend continuing in the short term. Any changes in momentum should be monitored, especially in the MACD indicator, which may provide signals about the development of the future movement.
Trading strategies based on Buy/Sell levels
| GBPUSD | In case of buying | in case of selling |
| Entry point | 1.26305 | 1.25691 |
| Target Point 1 (TP1) | First resistance: 1.26601 | First support: 1.25296 |
| Target Point 2 (TP2) | Second resistance: 1.26710 | Second support : 1.25012 |
| Stop Loss (SL) | 1.25691 | 1.26305 |
The GBP/USD pair appears to be in a bearish trading phase with weak negative momentum. The pair may continue to trade in a sideways range below the moving averages.
which makes it important to follow market developments and technical indicators to identify suitable trading opportunities.
