GCMAsia - GBPUSD
GBPUSD
2018-07-18
| Resistance and Support | Level | Explanation |
| Resistance | 1.3130 | H1 |
| Support | 1.3070 | H1 |
GBPUSD, H1: GBPUSD extended its losses following prior breakout from the support level of 1.3130. However, MACD histogram which illustrate diminishing downward momentum suggests the pair to be traded higher in short-term as technical correction before continuing its bearish trend.
Resistance level: 1.3130, 1.3180
Support level: 1.3070, 1.3000