GCMAsia - GBPUSD
GBPUSD
2017-05-26
| Resistance and Support | Level | Explanation |
| Resistance | 1.2935 | H4 |
| Support | 1.2900 | H4 |
GBPUSD, H4: GBPUSD slumped sharply after breaching the support level of 1.2935 while currently testing to breakout from the bottom level of upward channel. A successful closure at this level would signal a change in trend direction for GBPUSD to move further downwards thereafter.
Resistance level: 1.2935, 1.2980
Support level: 1.2900, 1.2965