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050918 GBPUSD

by | Sep 5, 2018 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GBPUSD
GBPUSD
2018-09-05
Resistance and Support Level Explanation
Resistance 1.2870 H1
Support 1.2840 H1

GBPUSD, H1: GBPUSD was traded higher while currently testing the resistance level 1.2870. Recent price action and MACD which illustrate bullish momentum suggest that the pair may extend its gains once it breakout above the resistance level 1.2870.

 

Resistance level: 1.2870, 1.2910

Support level: 1.2840, 1.2790