GBPUSD Technical Analysis The pair concluded when the pound price traded at $1.2572, as trading appears above most of the moving average intersections as shown on the chart. The MACD indicator also indicates a weak negative trend, which enhances the positive possibilities for the pair. Accordingly, we can consider selling in the first sessions of this week, which is the Asian session, from the decline to $1.2551, and the target area could be $1.2526. It is also recommended to choose the $1.2609 area as a stop loss point to control risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the 1.2609 dollar buy zone is broken, the euro price may head towards the 1.2627 dollar level.
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.2613
- First resistance: 1.2594
- Pivot level: 1.2584
- First support: 1.2565
- Second support: 1.2555
