GCMAsia - GBPUSD
GBPUSD
2017-05-12
| Resistance and Support | Level | Explanation |
| Resistance | 1.2900 | H4 |
| Support | 1.2840 | H4 |
GBPUSD, H4: GBPUSD was thinly traded near the resistance level of 1.2900 following prior rebound from 1.2840. However, as both MA line continues to narrow downwards and may form an imminent death cross, GBPUSD is expected to move further down, towards the target of support level at 1.2840.
Resistance level: 1.2900, 1.2985
Support level: 1.2840, 1.2750