GCMAsia - GBPUSD

GBPUSD
2017-05-24
| Resistance and Support | Level | Explanation |
| Resistance | 1.2975 | H4 |
| Support | 1.2935 | H4 |

GBPUSD, H4: GBPUSD remains traded within an upward channel while recently closing below the support level of 1.2975. Recent closure suggests GBPUSD to advance further down, towards the lower level of the channel after breaking the support level of 1.2935.
Resistance level: 1.2975, 1.3045
Support level: 1.2935, 1.2900