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021017 GBPUSD

by | Oct 2, 2017 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GBPUSD
GBPUSD
2017-10-02
Resistance and Support Level Explanation
Resistance 1.3480 Daily
Support 1.3350 Daily

GBPUSD, Daily: GBPUSD was traded lower following prior retracement while closing below the 20-MA line (red). A successful closure below the support level of 1.3350 would suggest the pair to extend its losses towards the next target at 1.3165.

 

Resistance level: 1.3480, 1.3660

Support level: 1.3350, 1.3165