GBPUSD Technical Analysis :today is a weak downtrend. As the chart below shows. The pound dollar price is trading at 1.2664, and trading appears below most of the moving average intersections, as the MACD indicator indicates a weak negative trend. Accordingly, we can consider selling from the decline to 1.2635 dollars, and the target could be the 1.2600 dollar area. It is also recommended to choose the 1.2705 dollar 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 $1.2705 is broken, the GBP/USD price may head towards $1.2732.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.2678
- First Resistance: 1.2672
- Pivot Level: 1.2663
- First Support: 1.2657
- Second Support: 1.2648