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160519 GBPUSD-Noon

by | May 16, 2019 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GBPUSD
GBPUSD
2019-05-16

GBPUSD, H4: GBPUSD was traded lower following prior breakout below previous support level at 1.2865. However, MACD which display diminishing bearish momentum suggest the pair to undergo short-term technical correction and rebound towards the resistance level 1.2865.

 

Resistance level: 1.2865, 1.2925

Support level: 1.2800, 1.2770