GCMAsia - GBPUSD
GBPUSD
2017-05-29
| Resistance and Support | Level | Explanation |
| Resistance | 1.3045 | Daily |
| Support | 1.2975 | Daily |
GBPUSD, Daily: GBPUSD was traded lower following previous retracement from a high of 1.3045 while currently testing at the support level of 1.2795. With regards to MACD histogram which illustrates significant downward signal and momentum, a closure below the level of 1.2795 would suggest GBPUSD to extend its downward momentum.
Resistance level: 1.3045, 1.3180
Support level: 1.2975, 1.2640