GBPUSD Technical Analysis today is in a weak downtrend. As shown in the chart below. The pound dollar price is trading at 1.2690, 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 1.2705 dollars, and the target could be the 1.2726 dollars area. It is also recommended to choose the 1.2666 dollars 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 $1.2666 is broken, the GBP/USD price may head towards $1.2652.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.2705
- First Resistance: 1.2697
- Pivot Level: 1.2690
- First Support: 1.2681
- Second Support: 1.2675
