GCMAsia - GBPUSD

GBPUSD
2017-07-27
| Resistance and Support | Level | Explanation |
| Resistance | 1.3160 | H4 |
| Support | 1.3100 | H4 |

GBPUSD, H4: GBPUSD extended gains following prior rebound from the 20-MA line (red) while closing above the threshold of 1.3100. It is suggested to advance further up, towards the upper level of the upward channel at next target of 1.3160.
Resistance level: 1.3160, 1.3210
Support level: 1.3100, 1.3050