GBP/USD Technical Analysis. The pair remains above the crucial pivot point – ForexNews.PRO
GBP/USD is trading at $1.26606, down slightly by 0.01%. Despite the minor dip, the pair remains above the crucial pivot point at $1.26398, keeping the bullish outlook intact. As long as prices stay above this level, GBP/USD is likely to target the immediate resistance at $1.27278, with the next upward target at $1.27978.
However, if the price breaks below the pivot point, it could trigger selling pressure, pushing the pair down to the first support at $1.25639 or even lower to $1.24912. The 50 EMA at $1.25623 supports the bullish sentiment, suggesting continued buying interest as long as prices remain above this dynamic support level.
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