GCMAsia - GBPUSD

GBPUSD
2017-06-07
| Resistance and Support | Level | Explanation |
| Resistance | 1.2920 | H1 |
| Support | 1.2890 | H1 |

GBPUSD, H1: GBPUSD remained traded within an upward channel while recently retraced from the mid-level. A closure below the 60-moving average line (green) would suggest GBPUSD to advance further down, towards the target of support level at 1.2890 in short-term.
Resistance level: 1.2920, 1.2940
Support level: 1.2890, 1.2860