GBPUSD Technical Analysis today is in a weak upward trend amidst sideways trading. As the chart below shows. The pound dollar price is trading at $1.3363, and trading appears below most of the moving average intersections, as the MACD indicator indicates a weak positive trend, which enhances the negative possibilities for the pair. Accordingly, we can consider selling from the decline to $1.3344, and the target could be the $1.3320 area. It is also recommended to choose the $1.3386 area as a stop loss point to control risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the buy zone at $1.3386 is broken, the price of the pound dollar may head towards the level of $1.3403.
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.3422
- First resistance: 1.3398
- Pivot level: 1.3374
- First support: 1.3350
- Second support: 1.3326
