GCMAsia - GBPUSD
GBPUSD
2017-04-19
| Resistance and Support | Level | Explanation |
| Resistance | 1.2900 | Daily |
| Support | 1.2700 | Daily |
GBPUSD, Daily: GBPUSD has recently broke out from upper level of narrowing triangle, signifying a change in trend direction to move further upwards. With regards to the MACD histogram which illustrates upward signal and momentum, GBPUSD is suggested to extend its upward momentum after a successful closure above the resistance level of 1.2900.
Resistance level: 1.2900, 1.3100
Support level: 1.2700, 1.2500