GBPUSD Technical Analysis today is in a weak downtrend. As shown in the chart below. The pound dollar price is trading at $1.2960, and trading appears above most of the moving average intersections, as the MACD indicator indicates a weak negative trend. Accordingly, we can consider selling from the decline to $1.2948, and the target could be the $1.2929 area. It is also recommended to choose the $1.2977 area as a stop loss point to control the risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the buy zone at $1.2977 is broken, the GBP/USD price may head towards $1.2988.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.2975
- First Resistance: 1.2968
- Pivot Level: 1.2958
- First Support: 1.2951
- Second Support: 1.2941
