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Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 11/07/2019

Fundamental analysis

11 July, 2019

GBP/USD extended gains on Thursday to hit fresh session highs (1.25673). The UK pound was boosted by comments for Bank of England Governor Mark Carney, who said that the UK financial system is ready for Brexit, whatever form it takes. The US dollar, on the other hand, remained under pressure as investors prepare for second- day testimony of Fed Chair Jerome Powell (15:00 GMT+1), while fresh monthly inflation data for June will be released at 13:30 GMT+1 by the US Bureau of Labor Statistics.

Technical analysis

Pound - US Dollar Analysis Technical analysis 11/07/2019
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 11/07/2019

Support & Resistance Level Explanation
Resistance 2 1.2615 Daily R2
Resistance 1 1.2590 Daily R1
Support 1 1.2528 Daily S1
Support 2 1.2500 Daily S2

GBPUSD Indicator Table - 11/07/2019

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

GBPUSD Indicator / Period Table - 11/07/2019

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

GBPUSD 11/07/2019 - Reference Price : 1.2560

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