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 1.2873 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 1.2855 dollars, and the target could be the 1.2825 dollar area. It is also recommended to choose the 1.2899 dollar area 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 $1.2899 is broken, the GBP/USD price may head towards $1.2917.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.2909
- First Resistance: 1.2883
- Pivot Level: 1.2864
- First Support: 1.2838
- Second Support: 1.2819
