GBPUSD Technical Analysis The pair concluded when the pound price was trading at $1.24841, as trading appears above most of the moving average intersections as shown on the chart. The MACD indicator also indicates a positive trend, which enhances the positive possibilities for the pair. Accordingly, we can consider buying in the first sessions of this week, which is the Asian session, from the decline to $1.24477, and the target area could be $1.25213. It is also recommended to choose the $1.24044 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 1.24044 dollars is broken, the price of the euro may head towards the level of 1.23762 dollars.
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.24924
- First resistance: 1.24886
- Pivot level: 1.24832
- First support: 1.24790
- Second support: 1.24741
