GCMAsia - GBPUSD
GBPUSD
2018-07-24
| Resistance and Support | Level | Explanation |
| Resistance | 1.3130 | H1 |
| Support | 1.3070 | H1 |
GBPUSD, H1: GBPUSD was traded lower following prior retracement and closure below the 20-MA line (red). Although MACD illustrate bearish signal, recent price action which portrays consolidation suggests to wait for a breakout at 1.3070 to further confirm the downward bias.
Resistance level: 1.3130, 1.3180
Support level: 1.3070, 1.3000