GCMAsia - GBPUSD
GBPUSD
2017-05-18
| Resistance and Support | Level | Explanation |
| Resistance | 1.2985 | H4 |
| Support | 1.2900 | H4 |
GBPUSD, H4: GBPUSD remains traded within a sideways channel while currently testing near the top level of the channel. A breakout would signal a change in trend direction to move further downwards. Otherwise, retracement from this level would suggest GBPUSD to be traded lower within the sideways channel thereafter.
Resistance level: 1.2985, 1.3060
Support level: 1.2900, 1.2840, 1.2770