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071019 GBPUSD

by | Oct 7, 2019 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GBPUSD
GBPUSD
2019-10-07

GBPUSD, H4: GBPUSD remain traded in a sideway channel following recent retracement from the resistance level 1.2390. However, MACD which illustrate bearish bias signal suggest the pair to extend its retracement in short term towards the support level 1.2235.

 

Resistance level: 1.2390, 1.2500

Support level: 1.2235, 1.2075