GBPUSD Technical Analysis : Strength of the dollar on the pound

GBPUSD Technical Analysis today is in a downward trend. As shown in the chart below. Where the price of the pound dollar is trading at a price of 1.3069 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 1.3049 dollars, and the target could be the area of ​​1.3003 dollars. It is also recommended to choose the area of ​​1.3114 dollars 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 $1.3114 is broken, the price of the pound dollar may head towards the level of $1.3147.

GBPUSD Technical Analysis

GBPUSD Technical Analysis: Resistance and support levels

  • Second resistance: 1.3076
  • First resistance: 1.3072
  • Pivot level: 1.3067
  • First support: 1.3063
  • Second support: 1.3058
Related Articles