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170818 GBPUSD

by | Aug 17, 2018 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GBPUSD
GBPUSD
2018-08-17
Resistance and Support Level Explanation
Resistance 1.2735 H1
Support 1.2695 H1

GBPUSD, H1: GBPUSD was traded higher following recent rebound from the support level 1.2695. Recent price action and MACD which display starting signal of bullish momentum suggest the pair may extend its gains towards the resistance level 1.2735.

 

Resistance level: 1.2735, 1.2785

Support level: 1.2695, 1.2665