GCMAsia - GBPUSD
GBPUSD
2017-05-08
| Resistance and Support | Level | Explanation |
| Resistance | 1.3000 | Daily |
| Support | 1.2855 | Daily |
GBPUSD, Daily: GBPUSD has extended its gains following prior formation of golden cross by both MA lines. However, recent retracement and MACD indicator which begins to drift outside of upward momentum suggests GBPUSD to be traded lower in short-term as technical correction. Long-term trend direction still suggests GBPUSD to move further upwards.
Resistance level: 1.3000, 1.3130
Support level: 1.2855, 1.2715