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041219 GBPUSD

by | Dec 4, 2019 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GBPUSD
GBPUSD
2019-12-04

GBPUSD, H4: GBPUSD was traded higher following prior breakout above the previous resistance level 1.2970. However, MACD which illustrate diminishing bullish momentum signal suggest the pair may experience a short term technical correction towards the current support level 1.2970.

 

Resistance level: 1.3095, 1.3195

Support level: 1.2970, 1.2785