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GCMAsia - GBPUSD
GBPUSD
GBPUSD
2017-06-20
Resistance and Support Level Explanation
Resistance 1.2790 H4
Support 1.2730 H4

GBPUSD, H4: GBPUSD has recently broke out from the bottom level of ascending triangle, signaling a change in trend direction to move further downwards. A successful closure below the support level of 1.2730 would signal further downward bias towards the next target at 1.2690.

 

Resistance level: 1.2790, 1.2840

Support level: 1.2730, 1.2690