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230818 GBPUSD

by | Aug 23, 2018 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GBPUSD
GBPUSD
2018-08-23
Resistance and Support Level Explanation
Resistance 1.2905 H1
Support 1.2835 H1

GBPUSD, H1: GBPUSD was traded lower follow recent retracement from the resistance level 1.2905. Recent price action and MACD which illustrate bearish momentum signal suggest the pair to extend its losses towards the support level 1.2835.

 

Resistance level: 1.2905,1.2970

Support level: 1.2835, 1.2735