CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 09/10/2019

Fundamental analysis

09 October, 2019

GBP/USD jumped abruptly earlier today to test a session high of 1.22896 on reports that the EU is ready to make some Brexit concessions. The pair however dropped back to 1.22027 as the Northern Ireland DUP said that what EU proposes in terms of Brexit concessions is unacceptable to them. Brexit uncertainties will obviously continue to keep the UK pound volatile, as it is still not clear whether the UK will exit the EU on October 31. Later in the US, JOLTs Job Openings data for August will be released at 15:00 GMT+1. Also in the US, Fed Chair Jerome Powell will speak at 16:00 GMT+1, while FOMC minutes from the September meeting will be released at 19:00 GMT+1.

Technical analysis

Pound - US Dollar Analysis Technical analysis 09/10/2019
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 09/10/2019

Support & Resistance Level Explanation
Resistance 2 1.2272 Daily R2
Resistance 1 1.2241 Daily R1
Support 1 1.2188 Daily S1
Support 2 1.2159 Daily S2

GBPUSD Indicator Table - 09/10/2019

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

GBPUSD Indicator / Period Table - 09/10/2019

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

GBPUSD 09/10/2019 - Reference Price : 1.2216

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (3)
Share It With Your Network
Fortrade Daily Video News & Analysis
09/10/19 - Wednesday
Keep your information fresh, follow the daily analysis and news.
Growth your knowledge and invesments!
09/10/19 - Wednesday / Analysis
Pound - US Dollar Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now