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GCMAsia -GBPUSD
GBPUSD
GBPUSD
2017-11-03
Resistance and Support Level Explanation
Resistance 1.3245 H4
Support 1.3030 H4

GBPUSD, H4: GBPUSD was traded lower prior breaking support level at 1.3245. Arrangement of bearish candlesticks and increasing bearish momentum as shown by MACD histogram suggest the pair to extend losses toward the next support level at 1.3030.

Resistance level: 1.3245, 1.3320

Support level: 1.3030, 1.2960