GBP/USD

July 17, 2024

GBPUSD Technical Analysis today is in a downward trend. The price of the pound dollar is trading at $1.2956, and trading appears below most of the moving average intersections. The MACD indicator also indicates a negative trend. Accordingly, we can look to sell from a drop to the price of $1.2938, and the target could be the $1.2909 area. It is also recommended to choose the $1.2982 area as a stop loss point to control risk.
GBPUSD Technical Analysis: on the other side
On the other hand, if the buy zone at $1.2982 is broken, the GBP/USD price may head towards the $1.3001 level.
GBPUSD Technical Analysis: resistance and support levels
• Second resistance: 1.2969
• First resistance: 1.2963
• Pivot level: 1.2953
• First support: 1.2949
• Second support: 1.2943