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250520 GBPUSD-Noon

by | May 25, 2020 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GBPUSD
GBPUSD
2020-05-25

GBPUSD, H4: GBPUSD was traded lower following recent retracement from the resistance level 1.2255. However, MACD which illustrate diminishing bearish momentum signal suggest the pair to experience short term technical correction back towards the resistance level.

 

Resistance level: 1.2255, 1.2435

Support level: 1.2070, 1.1870