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170517 GBPUSD

by | May 17, 2017 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GBPUSD
GBPUSD
2017-05-17
Resistance and Support Level Explanation
Resistance 1.2930 H1
Support 1.2910 H1

GBPUSD, H1: GBPUSD remains traded within an ascending triangle while currently testing near the upper level of the triangle. A retracement from this level would suggest GBPUSD to be traded lower in the short-term. Long-term trend direction could only be determined after a successful breakout from either side of the triangle.

 

Resistance level: 1.2930, 1.2955, 1.2985

Support level: 1.2910, 1.2890