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
2018-03-14
Resistance and Support Level Explanation
Resistance 1.3980 H4
Support 1.3890 H4

GBPUSD, H4: GBPUSD was traded higher prior breaking resistance by 200-MA line and the pair is currently testing the resistance level at 1.3980. MACD histogram that portrays increasing bullish momentum would suggest the pair to extend its gains if breakout at the said resistance level is successful.

Resistance level: 1.3980, 1.4050

Support level: 1.3890, 1.3800