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120917 GBPUSD

by | Sep 12, 2017 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GCMAsia - GBPUSD
GCMAsia - GBPUSD
2017-09-12
Resistance and Support Level Explanation
Resistance 1.3265 H4
Support 1.3145 H4

GBPUSD, H4: GBPUSD was traded higher after breaking support level at 1.3145. However, formation of bearish engulfing candlestick and cross-over of MACD signal line suggests the pair to trade lower toward support level at 1.3145.

Resistance level: 1.3265, 1.3475

Support level: 1.3145, 1.3020