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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, H4: GBPUSD was traded lower following prior breakout below the previous support level at 1.3965. However, MACD which illustrated diminished bearish momentum suggest the pair to experience technical correction.

 

Resistance level: 1.3965, 1.4030

Support level: 1.3900, 1.3860