GCMAsia - GBPUSD
GBPUSD
2019-11-20
GBPUSD, H4: GBPUSD remain traded in a sideway channel following recent retracement from the resistance level 1.2970. However, MACD which illustrate bearish momentum signal with the formation of death cross suggest the pair to extend its retracement in short term towards the support level 1.2795.
Resistance level: 1.2970, 1.3095
Support level: 1.2795, 1.2690