GCMAsia - GBPUSD

GBPUSD
2019-01-28
| Resistance and Support | Level | Explanation |
| Resistance | 1.3250 | H4 |
| Support | 1.3170 | H4 |

GBPUSD, H4: GBPUSD was traded higher following prior breakout above the previous resistance level 1.3170. However, MACD which illustrate diminishing bullish momentum suggest the pair to undergo a short term technical correction towards the support level 1.3170.
Resistance level: 1.3250, 1.3350
Support level: 1.3170, 1.3085