GCMAsia - GBPUSD

GBPUSD
2019-01-09
| Resistance and Support | Level | Explanation |
| Resistance | 1.2770 | H4 |
| Support | 1.2700 | H4 |

GBPUSD, H4: GBPUSD was traded flat while currently testing near the 20-MA line (red). MACD which begins to form a death cross signal suggests the pair to extend its losses after closing below the 20-MA line.
Resistance level: 1.2770, 1.2830
Support level: 1.2700, 1.2630