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
2018-06-27
Resistance and Support Level Explanation
Resistance 1.3235 H1
Support 1.3185 H1

GBPUSD, H1: GBPUSD was traded higher lower following prior retracement from the resistance level of 1.3235. MACD histogram which illustrate diminished downward momentum may suggest the pair to experience retracement before extending its major bearish bias.

 

Resistance level: 1.3235, 1.3290

Support level: 1.3185, 1.3140