GCMAsia - GBPUSD
GBPUSD
2018-10-08
| Resistance and Support | Level | Explanation |
| Resistance | 1.3130 | H1 |
| Support | 1.3040 | H1 |
GBPUSD, H1: GBPUSD was traded lower following prior retracement from the resistance level near 1.3130. MACD which illustrate bearish momentum and the formation of a death cross suggest the pair to extend its losses towards the psychological level 1.3040.
Resistance level: 1.3130, 1.3185
Support level: 1.3040, 1.2980