GCMAsia - GBPUSD
GBPUSD
2017-05-15
| Resistance and Support | Level | Explanation |
| Resistance | 1.3000 | Daily |
| Support | 1.2855 | Daily |
GBPUSD, Daily: GBPUSD was traded lower following prior retrace from the strong resistance level of 1.3000 while closing below the 20-moving average line (red). MACD histogram which illustrates downward signal and momentum suggests GBPUSD to extend its losses after breaking the support level of 1.2855.
Resistance level: 1.3000, 1.3130
Support level: 1.2855, 1.2715