GCMAsia - GBPUSD
GBPUSD
2017-10-30
| Resistance and Support | Level | Explanation |
| Resistance | 1.3260 | Daily |
| Support | 1.3120 | Daily |
GBPUSD, Daily: GBPUSD remains traded within a tight range while currently testing at the strong support level near 1.3120. Both MA line has recently formed a death cross, suggesting further downside bias for the pair. Thus, a successful closure below the target of 1.3120 would open further bearish bias thereafter.
Resistance level: 1.3260, 1.3450
Support level: 1.3120, 1.3020