GBPUSD Technical Analysis today is in a weak downtrend. As shown in the chart below. The pound dollar price is trading at $1.3008, and trading appears above most of the moving average intersections, as the MACD indicator indicates a weak negative trend. Accordingly, we can look to buy from the rise to $1.3021, and the target could be the $1.3040 area. It is also recommended to choose the $1.2989 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 $1.2989 is broken, the GBP/USD price may head towards $1.2977.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.3022
- First Resistance: 1.3017
- Pivot Level: 1.3011
- First Support: 1.3006
- Second Support: 1.3000
