GCMAsia - GBPUSD

GBPUSD
2017-07-17
| Resistance and Support | Level | Explanation |
| Resistance | 1.3120 | Daily |
| Support | 1.2970 | Daily |

GBPUSD, Daily: GBPUSD extended gains following prior rebound near the support level of 1.2830. Both MA lines which has formed a golden cross suggests GBPUSD to extend its upward momentum after successfully closing above the resistance level of 1.3120.
Resistance level: 1.3120, 1.3260
Support level: 1.2970, 1.2830