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160720 GBPUSD-Noon

by | Jul 16, 2020 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GBPUSD
GBPUSD
2020-07-16

GBPUSD, H4: GBPUSD was traded lower following prior retracement from the resistance level 1.2660. MACD which illustrate bearish bias signal with the starting formation of death cross suggest the pair to extend its retracement towards the support level 1.2510

 

Resistance level: 1.2660, 1.2810

Support level: 1.2510, 1.2340