GCMAsia - GBPUSD
GBPUSD
2018-08-09
| Resistance and Support | Level | Explanation |
| Resistance | 1.2920 | H1 |
| Support | 1.2850 | H1 |
GBPUSD, H1: GBPUSD remain traded in a descending channel while currently testing near the support level 1.2850. MACD which display diminished bullish momentum suggest the pair may continue to extend its losses after it breaks below the support level 1.2850.
Resistance level: 1.2920, 1.2970
Support level: 1.2850, 1.2780