GCMAsia - GBPUSD
GBPUSD
2018-08-08
| Resistance and Support | Level | Explanation |
| Resistance | 1.2970 | H1 |
| Support | 1.2920 | H1 |
GBPUSD, H1: GBPUSD remain traded in a descending channel following recent retracement from the resistance level 1.2970 and the top level of the channel. MACD which display bearish signal suggest the pair may be traded lower after it break below the support level 1.2920.
Resistance level: 1.2970, 1.3025
Support level: 1.2920, 1.2850