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040417 GBPUSD

by | Apr 4, 2017 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GBPUSD
GBPUSD
2017-04-04
Resistance and Support Level Explanation
Resistance 1.2495 H1
Support 1.2465 H1

GBPUSD, H1: GBPUSD remains traded within the upward channel while currently testing at the bottom level of the channel. A breakout from this level would signal a change in trend direction to move further downwards thereafter. Otherwise, a rebound from this level would suggest GBPUSD to be traded higher in the short-term.

 

Resistance level: 1.2495, 1.2520

Support level: 1.2465, 1.2430