GCMAsia - GBPUSD
GBPUSD
2017-08-18
| Resistance and Support | Level | Explanation |
| Resistance | 1.2900 | H4 |
| Support | 1.2850 | H4 |
GBPUSD, H4: GBPUSD was traded lower following prior retracement from the resistance level of 1.2900. However, recent formation of inverted hammer candlestick suggests short-term upside bias for GBPUSD towards the target of 1.2900.
Resistance level: 1.2900, 1.2950
Support level: 1.2850, 1.2790