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100517 GBPUSD

by | May 10, 2017 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GBPUSD
GBPUSD
2017-05-10
Resistance and Support Level Explanation
Resistance 1.3000 H4
Support 1.2860 H4

GBPUSD, H4: GBPUSD remains traded within an upward channel following prior rebound from the bottom level of the channel. A successful closure above the 20-moving average line (red) would suggest GBPUSD to advance towards the target of resistance level at 1.3000.

 

Resistance level: 1.3000, 1.3075

Support level: 1.2860, 1.2755