GCMAsia - GBPUSD
GBPUSD
2017-10-05
| Resistance and Support | Level | Explanation |
| Resistance | 1.3285 | H1 |
| Support | 1.3230 | H1 |
GBPUSD, H1: GBPUSD remains traded within a sideways formation following prior rebound from the strong support level near 1.3230. Such price action suggests short-term upside bias for the pair to extend its gains towards the 20-MA line (red). Otherwise, a clearer long-term direction would require a breakout from either side of the formation.
Resistance level: 1.3285, 1.3405
Support level: 1.3230, 1.3190