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GCMAsia - GBPUSD
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