GBPUSD Technical Analysis today is in a weak downward trend. As shown in the chart below. The pound dollar price is trading at 1.24027, and trading appears under most of the moving average intersections, as the MACD indicator indicates the emergence of a weak negative trend. Accordingly, we can look to buy from the rise to 1.24197 dollars, and the target area could be 1.24461 dollars. It is also recommended to choose the 1.23732 dollars area as a stop loss point to control the risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the selling zone at $1.23732 is broken, the GBP/USD price may head towards $1.23584.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.24274
- First Resistance: 1.24100
- Pivot Level: 1.23964
- First Support: 1.23793
- Second Support: 1.23656
