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050618 GBPUSD

by | Jun 5, 2018 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GBPUSD
GBPUSD
2018-06-05
Resistance and Support Level Explanation
Resistance 1.3360 H1
Support 1.3300 H1

GBPUSD, H1: GBPUSD was traded lower following prior retracement and closure below the 60-MA line (green). Both MA lines which continues to narrow downwards suggests the pair to extend its losses towards the target at 1.3300.

 

Resistance level: 1.3360, 1.3410

Support level: 1.3300, 1.3260