GBPUSD, H4: GBPUSD was traded higher following recent breakout above the previous resistance level 1.3435. However, MACD which illustrate diminishing bullish momentum signal suggest the pair to be traded lower as a short term technical correction back towards the level 1.3435.
Resistance level: 1.3545, 1.3650
Support level: 1.3435, 1.3300