GCMAsia - GBPUSD
GBPUSD
2017-04-11
| Resistance and Support | Level | Explanation |
| Resistance | 1.2495 | H4 |
| Support | 1.2420 | H4 |
GBPUSD, H4: GBPUSD extended its gains following prior rebound from the support level of 1.2360. With regards to the MACD histogram which begins to illustrate upward signal and momentum, a closure above the 20-moving average line (red) would suggest GBPUSD to extend its technical correction and to be traded higher in the short-term. Long-term trend direction still suggests GBPUSD to move further downwards.
Resistance level: 1.2495, 1.2615
Support level: 1.2420, 1.2360