GCMAsia-GBPUSD

GBPUSD
2020-07-29

GBPUSD, H4: GBPUSD was traded higher following prior breakout above the previous resistance level at 1.2890. However, MACD which illustrated diminishing bullish momentum suggest the pair to be traded lower in short-term as technical correction.
Resistance level: 1.3035, 1.3195
Support level: 1.2890, 1.2720