GBP/USD

July 9, 2024

GBPUSD Technical Analysis today is in an upward trend. The pound is trading at $1.2824, 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 $1.2833, and the target could be the $1.2850 area. It is also recommended to choose the $1.2800 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 $1.2800 is broken, the pound price may head towards the $1.2787 level.
GBPUSD Technical Analysis: resistance and support levels
• Second resistance: 1.2833
• First resistance: 1.2830
• Pivot level: 1.2827
• First support: 1.2821
• Second support: 1.2817