Technical analysis of the GBPUSD

European session, date: 06/25/2024

Introduction and overview

GBPUSD , 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 above most of the moving average crossings, indicating strength in the uptrend. The MACD indicator shows an end to the negative trend, which enhances the positive possibilities for the pair.


Trading strategies based on buy/sell level

GBPUSD In case of buying in case of selling
Entry point 1.2698 1.2673
Point 1 (TP1) First resistance: 1.2723 First support:   1.2651
Target Point 2 (TP2) Second resistance: 1.2750 Second support: 1.2630
Stop Loss (SL) 1.2673 1.2698



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

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