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
2019-01-10
Resistance and Support Level Explanation
Resistance 1.2800 H1
Support 1.2755 H1

GBPUSD, H1: GBPUSD was traded lower following prior retracement from the resistance level near 1.2800. MACD which begins to form a death cross signal suggests the pair to be traded lower in short-term, towards 1.2755.

Resistance level: 1.2800, 1.2860

Support level: 1.2755, 1.2630