GCMAsia - GBPUSD
GBPUSD
2017-04-20
| Resistance and Support | Level | Explanation |
| Resistance | 1.2805 | H1 |
| Support | 1.2750 | H1 |
GBPUSD, H1: GBPUSD was traded lower following prior retracement from the resistance level of 1.2860 while closing below the 20-moving average line (red). As the MACD histogram illustrate moderate downward signal and momentum, GBPUSD is expected to advance further down, towards the target of support level at 1.2750.
Resistance level: 1.2805, 1.2860
Support level: 1.2750, 1.2700