GCMAsia - GBPUSD
GBPUSD
2017-06-05
| Resistance and Support | Level | Explanation |
| Resistance | 1.3045 | Daily |
| Support | 1.2795 | Daily |
GBPUSD, Daily: GBPUSD was traded lower following prior retracement from the 20-moving average line (red). MACD indicator which continues to hover outside of upward momentum suggests GBPUSD to oscillate in between the range of 1.2795 and 1.2925 in short-term. Long-term trend direction suggests it to move further up after breaking the resistance level of 1.2925.
Resistance level: 1.3045, 1.2925
Support level: 1.2795, 1.2640