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 higher while currently testing for the resistance level at 1.2445. MACD which illustrated diminishing bearish momentum suggests the pair extended its gains if successfully break above the resistance level.

 

Resistance level: 1.2445, 1.2590

Support level: 1.2300, 1.2145