GCMAsia - GBPUSD

GBPUSD
2017-07-14
| Resistance and Support | Level | Explanation |
| Resistance | 1.2970 | H4 |
| Support | 1.2925 | H4 |

GBPUSD, H4: GBPUSD has recently broke out from the top level of downward channel, signaling a change in trend direction to move further upwards. MACD histogram which illustrate substantial upward signal suggests GBPUSD to advance further up towards the resistance level of 1.2970.
Resistance level: 1.2970, 1.3030
Support level: 1.2925, 1.2860