GBPUSD Technical Analysis: Uptrend

GBPUSD Technical Analysis today is in an uptrend. As shown in the chart below. The pound dollar price is trading at 1.2473, and trading appears above most of the moving average intersections, as the MACD indicator indicates the emergence of a positive trend. Accordingly, we can look to buy from the decline to a price of 1.2441 dollars, and the target area could be 1.2513 dollars. It is also recommended to choose the 1.2402 dollars area as a stop loss point to control the risks.

GBPUSD Technical Analysis: On the other hand

On the other hand, if the selling zone at $1.2402 is broken, the GBP/USD price may head towards $1.2373.

GBPUSD Technical Analysis

GBPUSD Technical Analysis: Resistance and Support Levels

  • Second Resistance: 1.2493
  • First Resistance: 1.2485
  • Pivot Level: 1.2477
  • First Support: 1.2469
  • Second Support: 1.2461
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