GCMAsia - GBPUSD
GBPUSD
2018-03-16
| Resistance and Support | Level | Explanation |
| Resistance | 1.3950 | H1 |
| Support | 1.3910 | H1 |
GBPUSD, H1: GBPUSD was traded lower prior retracement from resistance level at 1.3950. Formation of engulfing candlestick pattern and MACD histogram that portrays ongoing bearish momentum would suggest the pair to extend its losses towards the support level at 1.3910.
Resistance level: 1.3950, 1.3980
Support level: 1.3910, 1.3860