GBPUSD Trading at the level of $1.2686

American session, date: 06/25/2024

Introduction and overview

In this technical analysis, we will review the GBPUSD currency pair, where we will address the most prominent price trends, critical technical levels, and current trading patterns. We will rely on a set of technical tools and indicators to provide an integrated and comprehensive view of the performance of this pair in the market, which helps traders make decisions based on accurate analysis. The pair is currently trading at the level of $1.2686. Prices are trading below most of the moving average crossings, indicating strength in the downtrend. The MACD indicator shows the end of the positive trend.


Trading strategies based on Buy/Sell levels

GBPUSD In case of buying in case of selling
Entry point 1.2689 1.2667
Point 1 (TP1) First resistance: 1.2714 First support:   1.2645
Target Point 2 (TP2) Second resistance: 1.2744 Second support: 1.2620
Stop Loss (SL) 1.2667 1.2689



These strategies depend on the price’s location relative to support and resistance levels and suggest the best ways to profit from price movements based on support and resistance indicators. Traders should carefully monitor these levels to identify appropriate opportunities to enter and exit the market, while maintaining appropriate risk management strategies to protect their investments

Related Articles