Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 11/01/2019

Fundamental analysis

11 January, 2019

GBP/USD jumped 0.53% on Friday to test its highest rate in one and a half month (1.28498) after London's Evening Standard newspaper reported that Prime Minister Theresa May's cabinet ministers see the U.K.'s exit from the European Union as increasingly likely to be delayed beyond the planned Brexit date of March 29. In UK, Britain’s economy grew at its weakest pace in half a year in the three months to November as factories suffered from tough global trade conditions and the approach of Brexit, official data showed on Friday. Gross domestic product was 0.3 percent higher than in the previous three-month period, down from growth of 0.4 percent in the three months to October and matching the consensus of a Reuters poll of economists. Looking at November alone, industrial output dropped 1.5 percent on the year, the biggest fall since August 2013. Later this afternoon (13:30 GMT), US Inflation data for December will be in the focus of many market participants.

Technical analysis

Pound - US Dollar Analysis Technical analysis 11/01/2019
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 11/01/2019

Support & Resistance Level Explanation
Resistance 2 1.2880 Daily R2
Resistance 1 1.2843 Daily R1
Support 1 1.2770 Daily S1
Support 2 1.2735 Daily S2

GBPUSD Indicator Table - 11/01/2019

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Buy
RSI (14) Sell
Stochastic ( 9;6;3) Sell

GBPUSD Indicator / Period Table - 11/01/2019

Indicator / Period Day - BuyWeek - SellMonth - Sell
MACD( 12;26;9) Buy SellSell
RSI (14) Sell SellSell
SMA 20 Buy SellSell

GBPUSD 11/01/2019 - Reference Price : 1.2808

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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