GCMAsia - GBPUSD
GBPUSD
2017-04-03
| Resistance and Support | Level | Explanation |
| Resistance | 1.2605 | Daily |
| Support | 1.2470 | Daily |
GBPUSD, Daily: GBPUSD remains traded within a narrowing triangle while currently testing near the top level of the triangle. A successful breakout from this level would signal a change in trend direction to move further upwards thereafter. Otherwise, a retracement from this level would suggest GBPUSD to be traded lower in short-term, towards the target of support level at 1.2470.
Resistance level: 1.2605, 1.2770
Support level: 1.2470, 1.2380