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Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 02/12/2019

Fundamental analysis

02 December, 2019

GBP/USD bounced off its session low of 1.28938 to hit the rate of 1.29239 in Europe, as data in the UK showed better than expected Manufacturing PMI data for November. Data showed a figure of 48.9, exceeding analysts’ expectations for a figure of 48.3. The UK pound has been lately supported by expectations that the Conservative Party will win at the December 12 general election, which could finally get the Brexit deal passed in Parliament. Later in the US, ISM Manufacturing PMI for November will be released at 15:00 GMT.

Technical analysis

Pound - US Dollar Analysis Technical analysis 02/12/2019
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 02/12/2019

Support & Resistance Level Explanation
Resistance 2 1.2950 Daily R2
Resistance 1 1.2930 Daily R1
Support 1 1.2900 Daily S1
Support 2 1.2880 Daily S2

GBPUSD Indicator Table - 02/12/2019

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

GBPUSD Indicator / Period Table - 02/12/2019

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Neutral BuySell
RSI (14) Neutral BuyNeutral
SMA 20 Buy BuyBuy

GBPUSD 02/12/2019 - Reference Price : 1.2917

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