GCMAsia - GBPUSD
GBPUSD
2017-08-07
| Resistance and Support | Level | Explanation |
| Resistance | 1.3100 | Daily |
| Support | 1.2970 | Daily |
GBPUSD, Daily: GBPUSD was traded lower following prior retracement from the upper level of rising wedge. Recent closure below the 20-MA line (red) suggests further downside bias to extend its losses towards the support level of 1.2970.
Resistance level: 1.3100, 1.3230
Support level: 1.2970, 1.2860