GCMAsia - GBPUSD

GBPUSD
2019-08-12

GBPUSD, H4: GBPUSD was traded lower following prior breakout below the support level 1.2100. However, MACD which illustrate diminishing bearish momentum suggest the pair to experience a short term technical rebound back towards the current resistance level 1.2100.
Resistance level: 1.2100, 1.2245
Support level: 1.1955, 1.1775