GCMAsia - GBPUSD
GBPUSD
2017-08-11
| Resistance and Support | Level | Explanation |
| Resistance | 1.2980 | H4 |
| Support | 1.2945 | H4 |
GBPUSD, H4: GBPUSD was traded lower following prior retracement from the 20-MA line (red). Both MA lines which continues to expand downwards suggest ongoing downside bias towards the next target support level of 1.2945.
Resistance level: 1.2980, 1.3030
Support level: 1.2945, 1.2905