GCMAsia - GBPUSD
GBPUSD
2017-08-14
| Resistance and Support | Level | Explanation |
| Resistance | 1.3100 | Daily |
| Support | 1.2970 | Daily |
GBPUSD, Daily: GBPUSD continues to be traded within a rising wedge while recently rebounded from the support level of 1.2970. Stochastic Oscillator which illustrates rebound signal from the oversold region suggests further upward bias for GBPUSD, towards the target of resistance level at 1.3100.
Resistance level: 1.3100, 1.3230
Support level: 1.2970, 1.2860