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.

GBPUSD, H4: GBPUSD was traded lower following the prior retracement from the resistance level. However, MACD which illustrated decreasing bearish momentum suggests the pair be traded higher as a technical correction.

Resistance level: 1.2415, 1.2535

Support level: 1.2265, 1.2120