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
2018-10-16
Resistance and Support Level Explanation
Resistance 1.3180 H1
Support 1.3130 H1

GBPUSD, H1: GBPUSD remains traded within a narrowing triangle formation. Due to the lack of signal from MACD and price action, it is suggested to wait for a breakout before entering the market.

 

Resistance level: 1.3180, 1.3210

Support level: 1.3130, 1.3090