GCMAsia - GBPUSD
|Resistance and Support||Level||Explanation|
GBPUSD, H4: GBPUSD remained traded within a downward channel while recently closed above the 20-moving average line (red). It is suggested to be traded higher, towards the top level of the channel after a successful closure above the resistance level of 1.2710.
Resistance level: 1.2710, 1.2800
Support level: 1.2630, 1.2550