GBPUSD Technical Analysis today is in a bearish trend. The pound dollar price is trading at $1.3059, and trading appears below most of the moving average intersections, as the MACD indicator indicates a negative trend. Accordingly, we can look to sell from the decline to $1.3036, and the target could be the $1.3006 area. It is also recommended to choose the $1.3096 area as a stop loss point to control the risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the buy zone at $1.3096 is broken, the pound dollar price may head towards the $1.3119 level.
GBPUSD Technical Analysis: Resistance and support levels
- Second resistance: 1.3062
- First resistance: 1.3059
- Pivot level: 1.3054
- First support: 1.3050
- Second support: 1.3046
