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250517 GBPUSD

by | May 25, 2017 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GPBUSD
GPBUSD
2017-05-25
Resistance and Support Level Explanation
Resistance 1.2985 H1
Support 1.2965 H1

GBPUSD, H1: GBPUSD remains traded within a downward channel while currently testing near the top level of the channel. As both moving average line changes its direction and head upwards, it suggests a higher chance of breaking the top level of the channel and move further upwards thereafter.

 

Resistance level: 1.2985, 1.3010

Support level: 1.2965, 1.2950