GBPUSD Technical Analysis The pair concluded trading at a price of 1.3375 dollars, as prices appear to be trading above most of the moving average intersections shown on the chart. The MACD indicator also indicates a weak positive trend. Accordingly, we can consider selling in the first sessions of this week, which is the Asian session, from an upward trend to a price of 1.3402 dollars, and the target area could be 1.3438 dollars. It is also recommended to choose the 1.3328 dollars area as a stop loss point to control risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the selling area of 1.3328 dollars is broken, the euro price may head towards the level of 1.3303 dollars
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.3391
- First resistance: 1.3383
- Pivot level: 1.3379
- First support: 1.3372
- Second support: 1.3367
