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 rebound from the higher level. MACD which illustrated diminishing bullish momentum suggests the pair extended its losses toward support level.

 

Resistance level: 1.2730, 1.2830

Support level: 1.2610, 1.2470