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GCMAsia - GBPUSD
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