GCMAsia - GBPUSD
GBPUSD
2019-01-17
| Resistance and Support | Level | Explanation |
| Resistance | 1.2885 | H1 |
| Support | 1.2820 | H1 |
GBPUSD, H1: GBPUSD was traded lower following prior retracement from the resistance level at 1.2885. MACD which illustrate diminishing bullish momentum and the formation of death cross suggest the pair to extend its retracement toward the support level at 1.2820.
Resistance level: 1.2885, 1.2965
Support level: 1.2820, 1.2715