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
2017-09-27
Resistance and Support Level Explanation
Resistance 1.3490 H4
Support 1.3400 H4

GBPUSD, H4: GBPUSD was traded higher prior its rebound from support level at 1.3400. The pair is currently traded within descending triangle. Upward slope of MACD histogram suggests GBPUSD to be on bias to move higher, testing the top of the descending triangle around level 1.3490.

Resistance level: 1.3490, 1.3645

Support level: 1.3400, 1.3255