GBPUSD Technical Analysis shows an upward trend, as shown in the chart below. The British Pound Dollar is trading at 1.29429, with trading above most of the moving average crossovers. The MACD indicator also indicates a weak positive trend. Accordingly, we can consider buying from a rise to $1.29624, with a potential target of $1.29897. It is also recommended to choose the $1.29031 area as a stop-loss point to control risk.
GBPUSD Technical Analysis: On the Other Hand
On the other hand, if the sell zone at $1.29031 is broken, the GBP/USD price may head towards $1.28834.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.29691
- First Resistance: 1.29573
- Pivot Level: 1.29475
- First Support: 1.29359
- Second Support: 1.29256
