GCMAsia - GBPUSD

GBPUSD
2018-07-23
| Resistance and Support | Level | Explanation |
| Resistance | 1.3170 | Daily |
| Support | 1.3040 | Daily |

GBPUSD, Daily: GBPUSD remains traded within a descending channel following prior rebound from the bottom level. MACD histogram which illustrate diminishing downward momentum suggests the pair to extend its gains in short-term, towards the upper level of the channel.
Resistance level: 1.3170, 1.3300
Support level: 1.3040, 1.2890