GCMAsia - GBPUSD
GBPUSD
2017-07-31
| Resistance and Support | Level | Explanation |
| Resistance | 1.3235 | Daily |
| Support | 1.3120 | Daily |
GBPUSD, Daily: GBPUSD was traded within a rising wedge following prior rebound from the 20-MA line (red). Recent closure above the resistance level of 1.3120 suggests further upside bias to advance towards the next target at 1.3235.
Resistance level: 1.3235, 1.3350
Support level: 1.3120, 1.2970