GBPUSD Technical Analysis today is in a weak uptrend. As shown in the chart below. The pound dollar price is trading at 1.2496, and trading appears below most of the moving average intersections, as the MACD indicator indicates the emergence of a weak positive trend. Accordingly, we can consider selling from the decline to a price of 1.2482 dollars, and the target could be the 1.2460 dollar area. It is also recommended to choose the 1.2519 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 $1.2519 is broken, the GBP/USD price may head towards the level of 1.2533
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.2540
- First Resistance: 1.2518
- Pivot Level: 1.2499
- First Support: 1.2477
- Second Support: 1.2458
