GCMAsia - GBPUSD
GBPUSD
2017-06-01
| Resistance and Support | Level | Explanation |
| Resistance | 1.2920 | Daily |
| Support | 1.2795 | Daily |
GBPUSD, Daily: GBPUSD were traded lower following prior retrace near the 20-moving average line at 1.2920. With regards to MACD indicator which continues to hover outside of upward momentum, GBPUSD is expected to continue its oscillation in between the range of 1.2920 and 1.2795 in short-term. Long-term trend direction still suggests an upward trend ahead after a closure above the resistance level of 1.2920.
Resistance level: 1.2920, 1.3045
Support level: 1.2795, 1.2640