GCMAsia - GBPUSD
GBPUSD
2017-08-08
| Resistance and Support | Level | Explanation |
| Resistance | 1.3080 | H4 |
| Support | 1.3030 | H4 |
GBPUSD, H4: GBPUSD pared its losses following prior rebound below the support level of 1.3030. Such price action suggests GBPUSD to be traded higher in short-term as technical correction. Otherwise, long-term trend direction suggests further downside bias due to recent formation of death cross by both MA line.
Resistance level: 1.3080, 1.3145
Support level: 1.3030, 1.2980