GCMAsia - GBPUSD
GBPUSD
2017-07-13
| Resistance and Support | Level | Explanation |
| Resistance | 1.2925 | H4 |
| Support | 1.2860 | H4 |
GBPUSD, H4: GBPUSD re-entered into the downward channel following prior rebound from strong support level near 1.2800. Recent closure above the 20-MA line (red) suggests GBPUSD to be traded higher in short-term, towards the top level of the downward channel.
Resistance level: 1.2925, 1.2970
Support level: 1.2860, 1.2800