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
2017-06-09
Resistance and Support Level Explanation
Resistance 1.2775 H4
Support 1.2690 H4

GBPUSD, H4: GBPUSD was traded lower following prior nosedive while closing below both moving average line. However, MACD indicator continues to drift outside of downward momentum suggests GBPUSD to be traded higher in short-term as technical correction. Long-term trend direction suggests GBPUSD to extend its losses after breaking the support level of 1.2690.

 

Resistance level: 1.2775, 1.2825

Support level: 1.2690, 1.2620

data-inlinescripts