GCMAsia - GBPUSD
GBPUSD
2018-08-27
| Resistance and Support | Level | Explanation |
| Resistance | 1.3005 | Daily |
| Support | 1.2785 | Daily |
GBPUSD, Daily: GBPUSD was traded higher while currently testing the descending trend line. Price action and MACD which illustrate bullish momentum with golden cross formation suggest the pair to extend it gains towards the resistance level 1.3005 after it breaks above the trend line.
Resistance level: 1.3005, 1.3210
Support level: 1.2785, 1.2600