GBPUSD Technical Analysis today is in an upward trend. The price of the pound dollar is trading at $1.3029, 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 $1.3050, and the target could be the $1.3080 area. It is also recommended to choose the $1.3001 area as a stop loss point to control risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the sell zone at $1.3001 is broken, the GBP/USD price may head towards $1.2971.
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.3055
- First resistance: 1.3030
- Pivot level: 1.3010
- First support: 1.2990
- Second support: 1.2975
