GCMAsia - GBPUSD
GBPUSD
2017-03-27
| Resistance and Support | Level | Explanation |
| Resistance | 1.2605 | Daily |
| Support | 1.2470 | Daily |
GBPUSD, Daily: GBPUSD remains traded within a narrow triangle following prior rebound from the bottom level of the triangle while closing above both moving average line. It is suggested to continue advancing further up, towards the upper level of the triangle in short-term. Long-term trend direction could only be determined after a successful breakout from either side of the triangle.
Resistance level: 1.2605, 1.2775
Support level: 1.2470, 1.2380