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090517 GBPUSD

by | May 9, 2017 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GBPUSD
GBPUSD
2017-05-09
Resistance and Support Level Explanation
Resistance 1.3000 H4
Support 1.2860 H4

GBPUSD, H4: GBPUSD were traded lower following prior retracement before the resistance level of 1.3000. A rebound from the 20-moving average line (red) would suggests GBPUSD to advance further upwards and retest near the resistance level of 1.3000.

 

Resistance level: 1.3000, 1.3075

Support level: 1.2860, 1.2755