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
2017-10-19
Resistance and Support Level Explanation
Resistance 1.3220 H1
Support 1.3190 H1

GBPUSD, H1: GBPUSD was traded higher prior breaking above resistance level at 1.3190 and resistance by 200-MA line. Golden-cross as formed by MACD signal line suggest the pair to continue its momentum to trade higher toward the next resistance level at 1.3220.

Resistance level: 1.3220, 1.3255

Support level: 1.3190, 1.3150