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GCMAsia -GBPUSD
GBPUSD
GBPUSD
2017-10-20
Resistance and Support Level Explanation
Resistance 1.3140 H1
Support 1.3065 H1

GBPUSD, H1:  GBPUSD was traded lower prior breaking support level at 1.3140. Successful closure below the said support level and downslope of MACD signal line suggest GBPUSD to extend its losses toward the next support level at 1.3065.

Resistance level: 1.3140, 1.3220

Support level: 1.3065, 1.3020