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050717 GBPUSD

by | Jul 5, 2017 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GBPUSD
GBPUSD
2017-07-05
Resistance and Support Level Explanation
Resistance 1.2970 H1
Support 1.2910 H1

GBPUSD, H1: GBPUSD were traded higher following prior rebound from the support level of 1.2910. Recent closure above the 20-moving average line (red) suggests further upside bias for GBPUSD to advance towards the resistance level of 1.2970.

 

Resistance level: 1.2970, 1.3030

Support level: 1.2910, 1.2850