GBPUSD

August 29, 2024

GBPUSD Technical Analysis today is in a downward trend. The price of the pound dollar is trading at a price of 1.3195 dollars, and trading appears under most of the moving average intersections, as the MACD indicator indicates a negative trend. Accordingly, we can look to sell from the decline to a price of 1.3179 dollars, and the target area may be 1.3155 dollars. It is also recommended to choose the 1.3229 dollars area as a stop loss point to control the risks.
GBPUSD Technical Analysis: On the other hand
On the other hand, if the buy area at 1.3229 dollars is broken, the price of the pound dollar may head towards the 1.3243 dollars level.
GBPUSD Technical Analysis: Resistance and support levels
• Second resistance: 1.3224
• First resistance: 1.3213
• Pivot level: 1.3205
• First support: 1.3186
• Second support: 1.3175