GBPUSD Technical Analysis The pair concluded when the pound price traded at $1.2425, 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 a decline to $1.2400, and the target area could be $1.2362. It is also recommended to choose the $1.2465 area as a stop loss point to control risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the 1.2465 USD buy zone is broken, the EUR/USD may head towards the 1.2489 USD level.
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.2439
- First Resistance: 1.2432
- Pivot Level: 1.2428
- First Support: 1.2421
- Second Support: 1.2417
