GBPUSD Technical Analysis The pair is trading at the pound price at 1.29412 dollars, as trading appears above most of the moving average intersections as shown on the chart. The MACD indicator also indicates the emergence of a positive trend. Accordingly, we can consider buying in the first sessions, which is the Asian session, from the rise to a price of 1.29592 dollars, and the target area could be 1.29880 dollars. It is also recommended to choose the 1.29025 dollars area as a stop loss point to control risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the 1.29025 USD selling zone is broken, the GBP/USD price may head towards the 1.28779 USD level.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.29720
- First Resistance: 1.29597
- Pivot Level: 1.29441
- First Support: 1.29319
- Second Support: 1.29160
