GCMAsia - GBPUSD
GBPUSD
2017-08-28
| Resistance and Support | Level | Explanation |
| Resistance | 1.2970 | Daily |
| Support | 1.2860 | Daily |
GBPUSD, Daily: GBPUSD was traded lower following a retracement from the 20-MA line (red). Both moving average line which continues to expand downwards after the formation of death cross suggests GBPUSD to advance further down, towards the support level of 1.2860.
Resistance level: 1.2970, 1.3100, 1.3230
Support level: 1.2860, 1.2715