GBPUSD Technical Analysis: The pair is trading at $1.29627, with trading above most of the moving average crossovers, as shown on the chart. The MACD indicator also indicates a positive trend. Accordingly, we can consider buying in the first session, the Asian session, from a rise to $1.29823, with a potential target area of $1.30104. It is also recommended to choose the $1.29240 area as a stop-loss point to control risk. Technical Analysis of the GBP/USD: On the Other Side
On the other hand,
if the $1.29240 sell zone is broken, the GBP/USD price may head towards $1.28996.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 61.2970
- First Resistance: 1.29687
- Pivot Level: 1.29655
- First Support: 31.2960
- Second Support: 1.29583
