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Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 31/07/2020

Fundamental analysis

31 July, 2020

The GBP/USD traded slightly higher on Friday during the European session at 1.3133. The British Pound has been trading sideways around the 1.313x line on Friday. It had rallied all day Thursday to finish on its high of the day. The U.K. economic calendar is empty today. The UK newspaper The Guardian reported that the U.K. is close to finalizing a post-Brexit ‘continuity’ trade deal with Japan.

Technical analysis

Pound - US Dollar Analysis Technical analysis 31/07/2020
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 31/07/2020

Support & Resistance Level Explanation
Resistance 2 1.3212 Daily R2
Resistance 1 1.3176 Daily R1
Support 1 1.3082 Daily S1
Support 2 1.3047 Daily S2

GBPUSD Indicator Table - 31/07/2020

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 - 31/07/2020

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

GBPUSD 31/07/2020 - Reference Price : 1.3127

Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Pound - US Dollar Chart
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