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100719 GBPUSD-Noon

by | Jul 10, 2019 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GBPUSD
GBPUSD
2019-07-10

GBPUSD, H4: GBPUSD was traded lower following prior breakout below the previous support level at 1.2500. However, MACD which illustrate diminishing bearish momentum suggest the pair to undergo technical correction in short term toward the resistance level at 1.2500.

 

Resistance level: 1.2500, 1.2555

Support level: 1.2435, 1.2370