GCMASIA - GBPUSD
GBPUSD
2017-03-22
| Resistance and Support | Level | Explanation |
| Resistance | 1.2505 | H4 |
| Support | 1.2450 | H4 |
GBPUSD, H4: GBPUSD advanced higher following prior rebound from the 20-moving average line (red). With regards to the MACD histogram which illustrates upward signal and momentum while both moving average line continues its upward expansion after the formation of golden cross, GBPUSD is expected to extend its uptrend after a closure above the resistance level of 1.2505.
Resistance level: 1.2505, 1.2570
Support level: 1.2450, 1.2380