GCMAsia - GBPUSD
GBPUSD
2017-09-06
| Resistance and Support | Level | Explanation |
| Resistance | 1.3075 | H4 |
| Support | 1.3020 | H4 |
GBPUSD, H4: GBPUSD extended gains following prior rebound from trendline while closing above 20-MA line (red). MACD indicator which shows increasing upward momentum suggests GBPUSD to advance further up, towards the next target at 1.3075.
Resistance level: 1.3075, 1.3160
Support level: 1.3020, 1.2960