GCMAsia - GBPUSD

GBPUSD
2020-04-08

GBPUSD, H4: GBPUSD remain traded in a sideway channel following recent rebound from the support level 1.2230. However, MACD which display bullish bias signal with the formation of golden cross suggest the pair to extend its rebound in short term towards the resistance level 1.2490.
Resistance level: 1.2490, 1.2750
Support level: 1.2230, 1.2000