GCMAsia - GBPUSD
GBPUSD
2017-05-11
| Resistance and Support | Level | Explanation |
| Resistance | 1.3000 | H4 |
| Support | 1.2860 | H4 |
GBPUSD, H4: GBPUSD remains traded within an 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. Otherwise, a rebound would suggest GBPUSD to be traded higher within the channel thereafter.
Resistance level: 1.3000, 1.3075
Support level: 1.2860, 1.2755