GCMAsia - GBPUSD
GBPUSD
2017-08-10
| Resistance and Support | Level | Explanation |
| Resistance | 1.3030 | H4 |
| Support | 1.2980 | H4 |
GBPUSD, H4: GBPUSD was traded higher following prior rebound from the support level of 1.2980. However, as both MA lines continue to expand downwards after the formation of death cross, GBPUSD is expected to extend its losses and retest at the support level of 1.2980.
Resistance level: 1.3030, 1.3080
Support level: 1.2980, 1.2905