GCMAsia - GBPUSD
GBPUSD
2017-08-16
| Resistance and Support | Level | Explanation |
| Resistance | 1.2900 | H4 |
| Support | 1.2850 | H4 |
GBPUSD, H4: GBPUSD pared some losses following a rebound from the support level of 1.2850. Such price movement suggests GBPUSD to be traded higher in short-term as technical correction. Otherwise, long-term trend direction still maintained as downside bias.
Resistance level: 1.2900, 1.2950
Support level: 1.2850, 1.2790