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201219 GBPUSD-Noon

by | Dec 20, 2019 | GBP/USD | 0 comments

GCMAsia-GBPUSD
GBPUSD
GBPUSD
2019-12-20

GBPUSD, H4: GBPUSD was traded lower following prior breakout below the previous support level at 1.3035. However, MACD which illustrate diminishing bearish momentum suggest the pair to undergo short term technical correction toward the resistance level at 1.3035.

 

Resistance level: 1.3035, 1.3085

Support level: 1.2970, 1.2820