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.

 

 

GBPUSD

GBPUSD, H4: GBPUSD traded lower and currently hovering below the both MA lines. Referring to the MACD where both of the movement lines pointing downward and momentum be seen below the level of 0, suggested GBPUSD to move further lower after the price close below the support level of 1.2500.

 

Resistance level: 1.2520, 1.2570

Support level: 1.2490, 1.2470