GCMAsia - GBPUSD
GBPUSD
2017-09-05
| Resistance and Support | Level | Explanation |
| Resistance | 1.2960 | H4 |
| Support | 1.2890 | H4 |
GBPUSD, H4: GBPUSD was traded lower following prior retracement while recently closed below the 20-MA line (red). MACD indicator which illustrate diminishing upward momentum suggests further downside bias towards the next target at 1.2890.
Resistance level: 1.2960, 1.3020
Support level: 1.2890, 1.2830