GCMAsia - GBPUSD

GBPUSD
2018-12-13
| Resistance and Support | Level | Explanation |
| Resistance | 1.2700 | H1 |
| Support | 1.2500 | H1 |

GBPUSD, H1: GBPUSD was traded lower following prior retracement near the previous high. MACD which begins to form a death cross signal suggests the pair to be traded lower after closing below 20-MA (red).
Resistance level: 1.2700, 1.2900
Support level: 1.2500, 1.2380