GCMAsia - GBPUSD

GBPUSD
2017-10-24
| Resistance and Support | Level | Explanation |
| Resistance | 1.3220 | H4 |
| Support | 1.3140 | H4 |

GBPUSD, H4: GBPUSD was traded higher prior breaking above resistance level at 1.3140. Formation of engulfing candlestick and upward slope of MACD signal line suggest the pair to continue its momentum to trade higher toward resistance level at 1.3220.
Resistance level: 1.3220, 1.3300
Support level: 1.3140, 1.3070