GBPUSD Technical Analysis is in an uptrend with the emergence of a sideways area. As shown in the chart below. The price of the pound dollar is trading at 1.26883, 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 rise to a price of 1.27065 dollars, and the target area could be 1.27258 dollars. It is also recommended to choose the 1.26640 dollars area as a stop loss point to control the risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the sell zone at $1.26640 is broken, the GBP/USD price may head towards $1.26505.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.27256
- First Resistance: 1.27101
- Pivot Level: 1.26845
- First Support: 1.26697
• Second Support: 1.26439
