Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 07/02/2019

Fundamental analysis

07 February, 2019

GBP/USD fell further on Thursday to test its lowest rate in almost three weeks (1.28516). The Bank of England (BOE) held its benchmark interest rates steady on Thursday, with just 50 days to go before the U.K. leaves the European Union. As widely expected, the BOE’s nine-member Monetary Policy Committee (MPC), led by Mark Carney, unanimously voted to leave interest rates unchanged at 0.75%. “U.K. economic growth slowed in late 2018 and appears to have weakened further in early 2019,” policymakers at the central bank said. On Brexit, Prime Minister Theresa May was in Brussels on Thursday to plead with EU leaders to change the Brexit divorce deal she negotiated last year, in order to get it through parliament, after they offered little hope they were willing to do so. The London parliament, which rejected May’s agreement by the biggest majority in modern British history, has voted to renegotiate the deal, replacing a provision that some fear could keep British-ruled Northern Ireland under EU rules indefinitely. Later this afternoon, US Initial Jobless Claims will be released.

Technical analysis

Pound - US Dollar Analysis Technical analysis 07/02/2019
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 07/02/2019

Support & Resistance Level Explanation
Resistance 2 1.2948 Daily R2
Resistance 1 1.2915 Daily R1
Support 1 1.2855 Daily S1
Support 2 1.2823 Daily S2

GBPUSD Indicator Table - 07/02/2019

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

GBPUSD Indicator / Period Table - 07/02/2019

Indicator / Period Day - SellWeek - BuyMonth - Sell
MACD( 12;26;9) Sell SellSell
RSI (14) Sell NeutralSell
SMA 20 Sell BuySell

GBPUSD 07/02/2019 - Reference Price : 1.2880

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