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270520 GBPUSD

by | May 27, 2020 | GBP/USD | 0 comments

GCMAsia - GBPUSD
GBPUSD
GBPUSD
2020-05-27

GBPUSD, H4: GBPUSD was traded higher following prior breakout above the previous resistance level 1.2265. However, MACD which illustrate diminishing bullish momentum signal suggest the pair may experience a short-term technical correction towards the current support level 1.2265.

 

Resistance level: 1.2435, 1.2630

Support level: 1.2265, 1.2070