83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GCMAsia - GBPUSD
GBPUSD
GBPUSD
2018-04-05
Resistance and Support Level Explanation
Resistance 1.4090 H4
Support 1.4000 H4

GBPUSD, H4: GBPUSD was traded in consolidation between resistance level at 1.4090 and support level at 1.4010. Absence of significant signals from both candlestick pattern and MACD would suggest to wait for confirmation breakout to grasp the next movement of the pair in short-term.

Resistance level: 1.4090, 1.4150

Support level: 1.4000, 1.3910