GBP/USD

July 11, 2024

GBPUSD Technical Analysis today is in an upward trend. The pound is trading at $1.2842, 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 $1.2858, and the target could be the $1.2879 area. It is also recommended to choose the $1.2802 area as a stop loss point to control risks.
GBPUSD Technical Analysis: on the other side
On the other hand, if the sell area at $1.2802 is broken, the pound price may head towards the $1.2788 level.
GBPUSD Technical Analysis: resistance and support levels
• Second resistance: 1.2853
• First resistance: 1.2848
• Pivot level: 1.2839
• First support: 1.2834
• Second support: 1.2825