GCMAsia - GBPUSD

GBPUSD
2018-09-12
| Resistance and Support | Level | Explanation |
| Resistance | 1.3020 | H1 |
| Support | 1.2975 | H1 |

GBPUSD, H1: GBPUSD was traded lower following prior breakout below the previous support level 1.3020. Recent price movement and MACD which illustrate a bearish momentum suggest the pair to extend its losses towards the support level 1.2975.
Resistance level: 1.3020, 1.3085
Support level: 1.2975, 1.2945