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200917 GBPUSD

by | Sep 20, 2017 | GBP/USD | 0 comments

GCMAsia -GBPUSD
GBPUSD
GBPUSD
2017-09-20
Resistance and Support Level Explanation
Resistance 1.3595 H1
Support 1.3465 H1

GBPUSD, H1: GBPUSD was traded within descending triangle. The pair is currently on consolidation with no obvious momentum as shown by MACD histogram. A breakout on either the top of the descending triangle or support level at 1.3405 is required for a clearer direction of the pair.

Resistance level: 1.3595, 1.3825

Support level: 1.3465, 1.3405