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
2017-06-07
Resistance and Support Level Explanation
Resistance 1.2920 H1
Support 1.2890 H1

GBPUSD, H1: GBPUSD remained traded within an upward channel while recently retraced from the mid-level. A closure below the 60-moving average line (green) would suggest GBPUSD to advance further down, towards the target of support level at 1.2890 in short-term.

 

Resistance level: 1.2920, 1.2940

Support level: 1.2890, 1.2860