GCMAsia - GBPUSD
GBPUSD
2018-03-05
| Resistance and Support | Level | Explanation |
| Resistance | 1.3800 | Daily |
| Support | 1.3600 | Daily |
GBPUSD, Daily: GBPUSD was traded lower following prior breakout from the bottom level of narrowing triangle. However, recent rebound while coupled with diminishing downward momentum from MACD histogram suggests the pair to be traded higher in short-term as technical correction after closing above the psychological level of 1.3800.
Resistance level: 1.3800, 1.3970
Support level: 1.3600, 1.3400