GBPUSD Technical Analysis The pair concluded when the pound price was trading at $1.2943, as prices appear to be trading above most of the moving average intersections shown on the chart. The MACD indicator also indicates a weak positive trend. Accordingly, we can look to buy in the first sessions of this week, which is the Asian session, from the rise to $1.2963, and the target area could be $1.2992. It is also recommended to choose the $1.2897 area as a stop loss point to control risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the selling area of 1.2897 dollars is broken, the price of the euro may head towards the level of 1.2878 dollars
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.2957
- First resistance: 1.2952
- Pivot level: 1.2947
- First support: 1.2940
- Second support: 1.2935
