GBPUSD Technical Analysis today is in an uptrend. As shown in the chart below. The price of the pound dollar is trading at a price of 1.3008 dollars, and trading appears above most of the moving average intersections, as the MACD indicator indicates a positive trend. Accordingly, we can look to buy from the rise to a price of 1.3022 dollars, and the target could be the 1.3040 dollar area. It is also recommended to choose the 1.2989 dollar area as a stop loss point to control the risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the selling area at $1.2989 is broken, the price of the pound dollar may head towards the level of $1.2978.
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.3033
- First resistance: 1.3017
- Pivot level: 1.3002
- First support: 1.2986
- Second support: 1.2971
