GCMAsia - GBPUSD
GBPUSD
2017-05-04
| Resistance and Support | Level | Explanation |
| Resistance | 1.2885 | H1 |
| Support | 1.2860 | H1 |
GBPUSD, H1: GBPUSD was traded higher following prior rebound form the support level of 1.2860. Recent rebound suggests GBPUSD to be traded higher in short-term as technical correction. Otherwise, long-term trend direction still suggests GBPUSD to extend its downward momentum as both MA lines continue to expand downward after the formation of death cross.
Resistance level: 1.2885, 1.2915
Support level: 1.2860, 1.2835