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
2018-11-30
Resistance and Support Level Explanation
Resistance 1.2835 H4
Support 1.2770 H4

GPBUSD, H4: GBPUSD remains traded within a descending channel while currently testing at 1.2770. MACD which begins to form a death cross signal suggests the pair to extend its losses after closing below 1.2770.

 

Resistance level: 1.2835, 1.2895

Support level: 1.2770, 1.2690