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240920 GBPUSD

by | Sep 24, 2020 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GBPUSD
GBPUSD
2020-09-24

GBPUSD, H4: GBPUSD was traded lower following recent breakout below the previous support level 1.2785. However, MACD which illustrate bullish bias signal with the starting formation of golden cross suggest the pair to be traded higher as a short term technical correction towards the current resistance level 1.2785.

 

Resistance level: 1.2785, 1.3005

Support level: 1.2510, 1.2340