GCMAsia - GBPUSD
GBPUSD
2018-03-12
| Resistance and Support | Level | Explanation |
| Resistance | 1.3970 | Daily |
| Support | 1.3800 | Daily |
GBPUSD, Daily: GBPUSD remans traded within a descending triangle following prior reentry into the formation. MACD histogram which illustrate diminishing downward momentum may suggests the pair to be traded higher in short-term, towards the upper level of the triangle. Otherwise, long-term trend direction can only be determined following a successful breakout from either side of the triangle.
Resistance level: 1.3970, 1.4210
Support level: 1.3800, 1.3600