The British Pound tumbled lower on Friday against the Greenback after its 4-trading day rally. It is currently 1.36634. In the UK, Retail Sales for December rose 0.3%, Month-over-Month, and 2.9%, Year-over-Year. The consensus forecasts were 1.2% and 4.0% respectively. All three of the UK’s PMI reports for January missed their analysts’ estimates by large margins. Composite printed at 40.6 vs. 50.7 expected, Manufacturing came in at 52.9 vs. 57.3 expected, and Services was 38.8 vs. 49.9 expected. The United States is scheduled to release its Manufacturing and Services PMI’s for January later today.
Pound - US Dollar Analysis
US Session Analysis for CFD Instruments 22/01/2021
Technical analysis
Time Frame: 1 hour
GBPUSD Support & Resistance Table - 22/01/2021
Support & Resistance | Level | Explanation |
Resistance 2 | 1.3720 | Daily R2 |
Resistance 1 | 1.3699 | Daily R1 |
Support 1 | 1.3642 | Daily S1 |
Support 2 | 1.3621 | Daily S2 |
GBPUSD Indicator Table - 22/01/2021
Indicator | Signal |
SMA 20 | Buy |
SMA 50 | Buy |
SMA 100 | Buy |
MACD( 12;26;9) | Buy |
RSI (14) | Buy |
Stochastic ( 9;6;3) | Sell |
GBPUSD Indicator / Period Table - 22/01/2021
Indicator / Period | Day - Buy | Week - Buy | Month - Buy |
MACD( 12;26;9) | Buy | Buy | Buy |
RSI (14) | Buy | Buy | Buy |
SMA 20 | Buy | Buy | Buy |
GBPUSD 22/01/2021 - Reference Price : 1.3672
Buy |
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