GCMAsia - GBPUSD
GBPUSD
2018-08-10
| Resistance and Support | Level | Explanation |
| Resistance | 1.2850 | H1 |
| Support | 1.2780 | H1 |
GBPUSD, H1: GBPUSD remain traded in a descending channel following recent breakout below the support level 1.2850. MACD which display starting bullish momentum with golden cross formation suggest the pair may be traded higher after it breaks above the resistance level 1.2850.
Resistance level: 1.2850, 1.2920
Support level: 1.2780, 1.2710