GCMAsia - GBPUSD
GBPUSD
2018-08-16
| Resistance and Support | Level | Explanation |
| Resistance | 1.2735 | H1 |
| Support | 1.2695 | H1 |
GBPUSD, H1: GBPUSD was traded higher following recent breakout above the resistance level 1.2695. Recent price action and MACD which illustrate bullish momentum with golden cross formation suggest the pair to extend its technical correction towards resistance level 1.2735.
Resistance level: 1.2735, 1.2785
Support level: 1.2695, 1.2665