GCMAsia - GBPUSD

GBPUSD
2020-10-12

GBPUSD, H4: GBPUSD was traded higher following prior breakout above the previous resistance level 1.3005. However, MACD which illustrate diminishing bullish momentum signal suggest the pair to experience a short term technical correction back towards the level 1.3005.
Resistance level: 1.3260, 1.3500
Support level: 1.3005, 1.2775