GCMAsia - GBPUSD
GBPUSD
2017-05-23
| Resistance and Support | Level | Explanation |
| Resistance | 1.3050 | H4 |
| Support | 1.2980 | H4 |
GBPUSD, H4: GBPUSD remains traded within a downward channel following prior retracement from the top level of the channel. A closure below the strong support level of 1.2980 would suggest GBPUSD to advance further down, towards the lower level of the channel thereafter.
Resistance level: 1.3050, 1.3100
Support level: 1.2980, 1.2925