GCMAsia - GBPUSD
GBPUSD
2017-05-22
| Resistance and Support | Level | Explanation |
| Resistance | 1.3130 | Daily |
| Support | 1.2985 | Daily |
GBPUSD, Daily: GBPUSD was traded lower following prior retracement while currently testing near the support level of 1.2985. MACD indicator which continues to drift outside of upward momentum suggests GBPUSD to be traded lower in short-term as technical correction. Otherwise, long-term trend direction still suggests GBPUSD to extend its upward momentum.
Resistance level: 1.3130, 1.3270
Support level: 1.2985, 1.2855