GBPUSD Technical Analysis: The GBP/USD pair is trading in an uptrend during today’s session, as the pair recorded its highest trading level so far at 1.25752 and its lowest level at 1.25459. It is currently trading at 1.25675, reflecting the continuation of the bullish momentum in the market.
GBPUSD Technical Analysis: Technical Analysis
- Moving Averages:
The pair shows prices trading above the moving average indicators, which indicates confirmation of the bullish trend and supports it. This signal confirms the continuation of the positive momentum and excludes any negative signals in the short term.
- MACD Indicator:
The MACD indicator also reflects a positive trend, as the main line of the indicator is trading above the signal line, which enhances the possibility of the bullish momentum continuing. This signal supports the positive outlook and confirms the current strength of the bullish trend.
Future Outlook:
As prices continue to trade above the moving averages, the pair is expected to try to test the upcoming resistance levels at 1.25876. If it manages to break this resistance, the uptrend may continue towards higher levels.
Trading strategies based on Buy/Sell levels
| GBPUSD | In case of buying | in case of selling |
| Entry point | 1.25876 | 1.25304 |
| Target Point 1 (TP1) | First resistance: 1.26154 | First support: 1.25103 |
| Target Point 2 (TP2) | Second resistance: 1.26301 | Second support : 1.24902 |
| Stop Loss (SL) | 1.25304 | 1.25876 |
The overall trend for the GBP/USD pair remains bullish in the short term, supported by prices trading above the moving averages and a positive signal from the MACD indicator. Traders should monitor any moves that may affect the continuation of this trend, paying attention to any changes in economic or technical factors.
