GBPUSD Technical Analysis The pair concluded when the pound price was trading at $1.2578, as trading appears above most of the moving average intersections as shown on the chart. The MACD indicator also indicates the emergence of a positive trend. Accordingly, we can look to buy in the first sessions of this week, which is the Asian session, from the rise to $1.2595, and the target area could be $1.2619. It is also recommended to choose the $1.2548 area as a stop loss point to control risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the $1.2548 sell zone is broken, the pound price may head towards the $1.2531 level.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.2586
- First Resistance: 1.2583
- Pivot Level: 1.2578
- First Support: 1.2575
- Second Support: 1.2570
