GCMAsia - GBPUSD
GBPUSD
2017-07-25
| Resistance and Support | Level | Explanation |
| Resistance | 1.3060 | H4 |
| Support | 1.3000 | H4 |
GBPUSD, H4: GBPUSD remains traded within an upward channel while recently retraced from the resistance level of 1.3060. It is suggested to be traded lower in the short-term and extend its losses towards the target of support level at 1.3000. Likewise, long-term trend direction is suggested to remain traded within the upward channel unless a breakout occurs from either of its sides.
Resistance level: 1.3060, 1.3120
Support level: 1.3000, 1.2915