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GCMAsia - GBPUSD
GBPUSD
GBPUSD
2017-06-21
Resistance and Support Level Explanation
Resistance 1.2640 H1
Support 1.2600 H1

GBPUSD, H1: GBPUSD was thinly traded following prior rebound from the support level of 1.2600. As the MACD indicator suggests diminished downward momentum, GBPUSD may be traded higher in short-term as technical correction. Long-term trend direction suggests it to extend its downtrend after breaking the support level of 1.2600.

 

Resistance level: 1.2640, 1.2700

Support level: 1.2600, 1.2550

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