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: Resistance and support levels
- Second resistance: 1.3076
- First resistance: 1.3072
- Pivot level: 1.3067
- First support: 1.3063
- Second support: 1.3058