GCMAsia - GBPUSD
GBPUSD
2017-03-28
| Resistance and Support | Level | Explanation |
| Resistance | 1.2580 | H1 |
| Support | 1.2550 | H1 |
GBPUSD, H1: GBPUSD was traded lower following prior retrace from previous high of 1.2615 while currently testing below the 20-moving average line (red). As the MACD indicator remains hovered outside of upward momentum, GBPUSD is expected to be traded lower in the short-term as technical correction. Otherwise, long-term trend direction suggests GBPUSD to extend its upward momentum.
Resistance level: 1.2580, 1.2615
Support level: 1.2550, 1.2510