GBPUSD Technical Analysis today is in a downward trend. As shown in the chart below. The price of the pound dollar is trading at a price of 1.3124 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 1.3096 dollars, and the target could be the area of 1.3051 dollars. It is also recommended to choose the area of 1.3172 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 $1.3172 is broken, the price of the pound dollar may head towards the level of $1.3203.
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.3135
- First resistance: 1.3131
- Pivot level: 1.3125
- First support: 1.3121
- Second support: 1.3115
