GCMAsia - GBPUSD
GBPUSD
2018-04-16
| Resistance and Support | Level | Explanation |
| Resistance | 1.4240 | Daily |
| Support | 1.4000 | Daily |
GBPUSD, Daily: GBPUSD was traded higher following prior rebound while currently testing at the strong resistance level at 1.4240. MACD histogram which illustrate diminishing upward signal may suggests the pair to be traded lower in short-term as technical correction. Otherwise, a successful break above could indicate further bullish bias.
Resistance level: 1.4240, 1.4430
Support level: 1.4000, 1.3800