GCMAsia - GBPUSD
GBPUSD
2017-08-21
| Resistance and Support | Level | Explanation |
| Resistance | 1.2970 | Daily |
| Support | 1.2860 | Daily |
GBPUSD, Daily: GBPUSD has recently broke out from the bottom level of upward wedge, signaling a change in trend direction to move further downwards. Both MA lines which continues to narrow downward suggests GBPUSD to extend its losses after closing below the support level of 1.2860.
Resistance level: 1.2970, 1.3100
Support level: 1.2860, 1.2715