GCMAsia - GBPUSD

GBPUSD
2019-07-17

GBPUSD, H4: GBPUSD was traded lower following prior breakout below previous support level 1.2440. However, MACD which starting to display diminishing bearish momentum suggest the pair to experience a short term technical correction towards back the current resistance level 1.2440.
Resistance level: 1.2440, 1.2510
Support level: 1.2295, 1.2230