GBPUSD Technical Analysis The pair concluded when the pound price was trading at $1.3131, as prices appear to be trading below most of the moving average intersections shown on the chart. The MACD indicator also indicates a negative trend, and accordingly, we can consider selling in the first session of this week, which is the Asian session, from a decline to $1.3122, and the target area could be $1.3106. It is also recommended to choose the $1.3148 area as a stop loss point to control risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the $1.3148 buy zone is broken, the euro may head towards $1.3159
GBPUSD Technical Analysis: Resistance and Support Levels
- Second Resistance: 1.3137
- First Resistance: 1.3135
- Pivot Level: 1.3133
- First Support: 1.3131
- Second Support: 1.3129
