GCMAsia - GBPUSD
GBPUSD
2017-07-20
| Resistance and Support | Level | Explanation |
| Resistance | 1.3050 | H1 |
| Support | 1.3000 | H1 |
GBPUSD, H1: GBPUSD continues to oscillate in the range of 1.3000 and 1.3050 while recently retraced from the 20-MA line (red). Stochastic Oscillator which provides retracement signal suggest GBPUSD to be traded lower in short-term towards 1.3000. Long-term trend direction could only be determined after breaking either side of the range.
Resistance level: 1.3050, 1.3085
Support level: 1.3000, 1.2965