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020418 GBPUSD

by | Apr 2, 2018 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GBPUSD
GBPUSD
2018-04-02
Resistance and Support Level Explanation
Resistance 1.4210 Daily
Support 1.3970 Daily

GBPUSD, Daily: GBPUSD was traded higher after regaining some support from the 20-MA line (red). Stochastic Oscillator which has illustrate an imminent rebound signal from the oversold region suggests the pair to be traded higher in short-term in the event of a bullish rebound from the 20-MA line (red).

 

Resistance level: 1.4210, 1.4390

Support level: 1.3970, 1.3800