GBPUSD Technical Analysis today, as shown in the chart below. The GBP/USD price is trading at 1.30002, with trading above most moving average crossovers. The MACD indicator also indicates a positive trend. Accordingly, we can consider buying from the rise to $1.30108, with a target of $1.30246. It is also recommended to choose the $1.29838 area as a stop-loss point to control risk.
GBPUSD Technical Analysis: On the Other Hand
On the other hand, if the sell zone at $1.29838 is broken, the GBP/USD price may head towards $1.29730.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.30087
- First Resistance: 1.30056
- Pivot Level: 1.30022
- First Support: 1.29965
- Second Support: 1.29931
