GCMAsia - GBPUSD
GBPUSD
2017-04-07
| Resistance and Support | Level | Explanation |
| Resistance | 1.2495 | H4 |
| Support | 1.2420 | H4 |
GBPUSD, H4: GBPUSD was traded lower following prior retrace from the resistance level of 1.2495 while currently trading near the 20-moving average line (red). A successful closure below this line would suggest GBPUSD to advance further down, towards the lower level of the narrowing triangle.
Resistance level: 1.2495, 1.2615
Support level: 1.2420, 1.2360