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
2018-04-27
Resistance and Support Level Explanation
Resistance 1.3970 H4
Support 1.3900 H4

GBPUSD, H4: GBPUSD was traded lower prior breaking support level at 1.3970 and the pair is currently testing the next support level at 1.3900. It is suggested to wait for confirmation breakout of candlestick before entering the next trade.

Resistance level: 1.3970, 1.4000

Support level: 1.3900, 1.3860