GCMAsia - GBPUSD
GBPUSD
2017-06-19
| Resistance and Support | Level | Explanation |
| Resistance | 1.2795 | Daily |
| Support | 1.2640 | Daily |
GBPUSD, Daily: GBPUSD remained traded within a narrowing triangle while currently testing near the resistance level of 1.2795. Stochastic Oscillator begins to form a retracement signal suggests higher possibility for GBPUSD to be traded lower towards the lower level in short-term. Likewise, long-term trend direction could only be determined after a successful breakout from either side of the triangle.
Resistance level: 1.2795, 1.3045
Support level: 1.2640, 1.2515