July 3, 2024

GBPUSD Technical Analysis today is in an upward trend. The pound is trading at $1.2668, 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 $1.2680, and the target could be the $1.2698 area. It is also recommended to choose the $1.2647 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 $1.2647 is broken, the pound price may head towards the $1.2633 level.
GBPUSD Technical Analysis: resistance and support levels
• Second resistance: 1.2679
• First resistance: 1.2674
• Pivot level: 1.2671
• First support: 1.2663
• Second support: 1.2658