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GCMAsia -GBPUSD
GBPUSD
GBPUSD
2017-10-27
Resistance and Support Level Explanation
Resistance 1.3140 H1
Support 1.3115 H1

GBPUSD, H1: GBPUSD was traded higher prior rebound from support level at 1.3115. Formation of pin bar candlestick and upward slope of MACD histogram suggest the pair to undergo short-term technical correction to trade higher toward the resistance level at 1.3140.

Resistance level: 1.3140, 1.3170

Support level: 1.3115, 1.3060