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
2019-08-07

GBPUSD, H4: GBPUSD was traded lower while currently testing the 20-MA line (green). MACD which display diminishing bullish momentum suggest the pair to extend its losses after successfully closing below the 20-MA line.

 

Resistance level: 1.2220, 1.2300

Support level: 1.2125, 1.2045