GCMAsia - GBPUSD
GBPUSD
2017-05-31
| Resistance and Support | Level | Explanation |
| Resistance | 1.2820 | H1 |
| Support | 1.2790 | H1 |
GBPUSD, H1: GBPUSD remained traded within the range of 1.2790 and 1.2885 while recently rebounded from the bottom level of the range. A successful closure above the resistance level of 1.2820 would suggest GBPUSD to move further upwards in short-term. Otherwise, long-term trend direction could only be determined after a successful breakout from either side of the range.
Resistance level: 1.2820, 1.2850, 1.2885, 1.2910
Support level: 1.2790, 1.2755