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
2017-06-13
Resistance and Support Level Explanation
Resistance 1.2795 Daily
Support 1.2640 Daily

GBPUSD, Daily: GBPUSD remained under pressure as both moving average line continues to narrow downwards. MACD histogram which illustrates a significant downward signal and momentum suggests GBPUSD to extend its downtrend after breaking the support level of 1.2640.

 

Resistance level: 1.2795, 1.3045

Support level: 1.2640, 1.2515