GBP/USD

July 18, 2024

GBPUSD Technical Analysis today is in a weak upward trend. The price of the pound dollar is trading at $1.3004, and trading appears above most of the moving average intersections. The MACD indicator also indicates a weak positive trend. Accordingly, we can look to buy from the rise to the price of $1.3021, and the target could be the $1.3048 area. It is also recommended to choose the $1.2973 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 $1.2973 is broken, the pound dollar price may head towards the $1.2956 level.
GBPUSD Technical Analysis: resistance and support levels
• Second resistance: 1.3017
• First resistance: 1.3012
• Pivot level: 1.3004
• First support: 1.2996
• Second support: 1.2993