GCMAsia - GBPUSD

GBPUSD
2017-08-02
| Resistance and Support | Level | Explanation |
| Resistance | 1.3200 | H1 |
| Support | 1.3170 | H1 |

GBPUSD, H1: GBPUSD were traded lower following prior retracement from the 20-MA line (red) while closing below the key support level of 1.3200. MACD histogram which shows downward signal suggests GBPUSD to extend its losses towards the next target at 1.3170.
Resistance level: 1.3200, 1.3240
Support level: 1.3170, 1.3125