GBP/USD

July 16, 2024

GBPUSD Technical Analysis today is in an upward trend. The pound is trading at $1.2985, and trading appears above most of the moving average intersections. The MACD indicator also indicates a positive trend. Accordingly, we can look to buy from the rise to the price of $1.3003, and the target could be the $1.3030 area. It is also recommended to choose the $1.2944 area as a stop loss point to control risk.
GBPUSD Technical Analysis: on the other side
On the other hand, if the sell area at $1.2944 is broken, the pound price may head towards the $1.2923 level
GBPUSD Technical Analysis: resistance and support levels
• Second resistance: 1.2999
• First resistance: 1.2995
• Pivot level: 1.2986
• First support: 1.2977
• Second support: 1.2971