GCMAsia - GBPUSD
GBPUSD
2018-12-18
| Resistance and Support | Level | Explanation |
| Resistance | 1.2700 | H1 |
| Support | 1.2575 | H1 |
GBPUSD, H1: GBPUSD was traded lower following prior retracement from the downward trendline. MACD which begins to form a death cross signal suggests the pair to be traded lower in short-term after closing below the 20-MA line (red).
Resistance level: 1.2700, 1.2770
Support level: 1.2575, 1.2500