GCMAsia - GBPUSD

GBPUSD
2018-07-19
| Resistance and Support | Level | Explanation |
| Resistance | 1.3130 | H4 |
| Support | 1.3070 | H4 |

GBPUSD, H4: GBPUSD extended its recovery after slumping to a 10-months low near 1.3000. MACD histogram which illustrate upward signal suggests the pair to be traded higher in short-term as technical correction. Long-term trend direction still skewed towards bearish.
Resistance level: 1.3130, 1.3180
Support level: 1.3070, 1.3000