GCMAsia - GBPUSD
GBPUSD
2018-08-20
| Resistance and Support | Level | Explanation |
| Resistance | 1.2785 | Daily |
| Support | 1.2600 | Daily |
GBPUSD, Daily: GBPUSD was traded lower following recent breakout below the previous support level 1.2785. Although MACD which display diminished bearish momentum with starting formation of golden cross, a breakout above the current resistance level 1.2785 is required to attain further confirmation.
Resistance level: 1.2785, 1.3005
Support level: 1.2600, 1.2385