GBPUSD Technical Analysis today is in a weak upward trend. As shown in the chart below. The pound dollar price is trading at $1.2950, and trading appears above most of the moving average intersections, as the MACD indicator indicates a weak positive trend. Accordingly, we can look to buy from the rise to $1.2963, and the target could be the $1.2982 area. It is also recommended to choose the $1.2926 area as a stop loss point to control the risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the selling area at $1.2926 is broken, the price of the pound dollar may head towards the level of $1.2912.
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.2972
- First resistance: 1.2964
- Pivot level: 1.2949
- First support: 1.2941
- Second support: 1.2926
