GCMAsia - GBPUSD
GBPUSD
2017-06-09
| Resistance and Support | Level | Explanation |
| Resistance | 1.2775 | H4 |
| Support | 1.2690 | H4 |
GBPUSD, H4: GBPUSD was traded lower following prior nosedive while closing below both moving average line. However, MACD indicator continues to drift outside of downward momentum suggests GBPUSD to be traded higher in short-term as technical correction. Long-term trend direction suggests GBPUSD to extend its losses after breaking the support level of 1.2690.
Resistance level: 1.2775, 1.2825
Support level: 1.2690, 1.2620