GCMAsia - GBPUSD
GBPUSD
2017-04-06
| Resistance and Support | Level | Explanation |
| Resistance | 1.2495 | H4 |
| Support | 1.2420 | H4 |
GBPUSD, H4: GBPUSD remains traded within a narrowing triangle while currently testing near the resistance level of 1.2495. A breakthrough from this level would suggest GBPUSD to advance further up, towards the upper level of the triangle. Otherwise, a retracement would suggest GBPUSD to be traded lower in short-term thereafter within the triangle.
Resistance level: 1.2495, 1.2615
Support level: 1.2420, 1.2360