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
2017-10-12
Resistance and Support Level Explanation
Resistance 1.3315 H4
Support 1.3175 H4

GBPUSD, H4: GBPUSD was traded higher prior its rebound from support level at 1.3175. The pair is currently testing resistance by 200-MA line and resistance level at 1.3240. Successful closure above the said resistance level will further suggest the pair to gain its momentum to trade higher toward the next resistance level at 1.3315.

Resistance level: 1.3315, 1.3330

Support level: 1.3175, 1.3025