GCMAsia - GBPUSD
GBPUSD
2018-02-26
| Resistance and Support | Level | Explanation |
| Resistance | 1.3970 | Daily |
| Support | 1.3800 | Daily |
GBPUSD, Daily: GBPUSD remains traded within a narrowing triangle while recently retraced from the mid-level. Recent price action which coincides with the downward signal from MACD histogram suggests the pair to be traded lower in short-term. Otherwise, long-term trend direction can only be determined after a successful breakout from either side of the triangle formation.
Resistance level: 1.3970, 1.4210
Support level: 1.3800, 1.3600