GCMAsia - GBPUSD
GBPUSD
2017-03-29
| Resistance and Support | Level | Explanation |
| Resistance | 1.2420 | H4 |
| Support | 1.2360 | H4 |
GBPUSD, H4: GBPUSD extended its losses consecutively following previous retracement from the resistance level of 1.2615 while closing below both moving average line. With regards to the downward signal from MACD histogram which continues to expand downwards, it is expected to move further down after a successful closure below the support level of 1.2360.
Resistance level: 1.2420, 1.2495
Support level: 1.2360, 1.2300