GCMAsia - GBPUSD
GBPUSD
2017-06-15
| Resistance and Support | Level | Explanation |
| Resistance | 1.2795 | H1 |
| Support | 1.2640 | H1 |
GBPUSD, H1: GBPUSD was traded lower following prior retracement from the strong resistance level of 1.2795. Both MA lines which continues to narrow downwards suggests further downside bias for GBPUSD to move towards the support level of 1.2640.
Resistance level: 1.2795, 1.3045
Support level: 1.2640, 1.2515