GBPUSD Technical Analysis today is in an upward trend. The price of the pound dollar is trading at a price of 1.2978 dollars, and trading appears above most of the moving average intersections, as the MACD indicator indicates a positive trend. Accordingly, we can look to buy from the rise to a price of 1.2992 dollars, and the target could be the area of 1.3020 dollars. It is also recommended to choose the area of 1.2932 dollars as a stop loss point to control the risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the sell zone at $1.2932 is broken, the GBP/USD price may head towards $1.2916.
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.2994
- First resistance: 1.2986
- Pivot level: 1.2983
- First support: 1.2974
- Second support: 1.2969
