GCMAsia - GBPUSD
GBPUSD
2017-04-18
| Resistance and Support | Level | Explanation |
| Resistance | 1.2600 | H4 |
| Support | 1.2550 | H4 |
GBPUSD, H4: GBPUSD was traded lower following a retracement from the strong resistance level of 1.2600. However, as the MACD indicator continues to hover within the upward momentum, a successful rebound from the support level of 1.2550 would suggest GBPUSD to advance further up and retest near the psychological level of 1.2600.
Resistance level: 1.2600, 1.2645
Support level: 1.2550, 1.2500