GCM Asia – GBPUSD

GBPUSD, Daily: GBPUSD was traded higher while currently testing the resistance level at 1.2765. MACD which illustrated diminishing bearish momentum suggest the pair to extend its gains after it successfully breakout above the resistance level.     Resistance...

GBPUSD, Daily: GBPUSD was traded higher following the prior rebound from lower level. MACD which illustrated decreasing bearish momentum suggest the pair to extend its gains toward the resistance level at 1.2830.   Resistance level: 1.2830, 1.3000 Support level:...

GBPUSD, Daily: GBPUSD was traded lower following the prior breakout below the previous support level at 1.2765. MACD which illustrated bearish bias momentum suggest the pair to extend its losses toward the support level at 1.2605.     Resistance level:...

GBPUSD, Daily: GBPUSD was traded lower following the prior breakout below the previous support level at 1.2830. MACD which illustrated increasing bearish momentum suggest the pair to extend its losses toward the support level at 1.2670.   Resistance level:...

GBPUSD, Daily: GBPUSD was traded lower while currently testing the support level. MACD which illustrated bearish bias momentum suggest the pair to extend its losses after it successfully breakout below the support level.     Resistance level: 1.2875, 1.2970...

GBPUSD, Daily: GBPUSD was traded lower following the prior breakout below the previous support level at 1.2830. MACD which illustrated increasing bearish momentum suggest the pair to extend its losses toward the support level at 1.2670.   Resistance level:...

GBPUSD, Daily: GBPUSD was traded lower while currently testing the support upward trend line. MACD which illustrated bearish bias momentum suggest the pair to extend its losses after it successfully breakout below the upward trend line.     Resistance level:...

GBPUSD, Daily: GBPUSD was traded lower while testing the support level at 1.2827. However, MACD which illustrated decreasing bearish momentum suggest the pair to undergo technical correction in short term.   Resistance level: 1.2827, 1.3000 Support level: 1.2670,...

GBPUSD, Daily: GBPUSD was traded higher while currently testing the resistance level at 1.2875. MACD which illustrated diminishing bearish momentum suggest the pair to extend its gains after it successfully breakout above the resistance level.     Resistance...

GBPUSD, H4: GBPUSD was traded lower following the prior retracement from the higher level. However, MACD which illustrated diminishing bearish momentum suggests the pair undergoes a technical correction in the short term.   Resistance level: 1.2990, 1.3210...