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
2020-06-18

GBPUSD, Daily: GBPUSD was traded lower while currently testing the upward trend line. MACD which illustrate bearish momentum with the formation of death cross suggest the pair to extend its losses after it successfully breakout below the upward trend line.

 

Resistance level: 1.2585, 1.2720

Support level: 1.2485, 1.2250