CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.41% 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 all your money. Read full risk warning.

Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 07/07/2021

Fundamental analysis

07 July, 2021

The British Pound climbed higher on Wednesday after an earlier dip. It is presently 1.38208. The UK’s Halifax Price Index for June fell 0.5%, Month-over-Month. Analysts had estimated at 1.2% increase. Labour Productivity in the UK rose 0.9%. The United States will report job openings for May in its monthly JOLTs report this afternoon.

Technical analysis

Pound - US Dollar Analysis Technical analysis 07/07/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 07/07/2021

Support & Resistance Level Explanation
Resistance 2 1.3884 Daily R2
Resistance 1 1.3875 Daily R1
Support 1 1.3787 Daily S1
Support 2 1.3761 Daily S2

GBPUSD Indicator Table - 07/07/2021

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

GBPUSD Indicator / Period Table - 07/07/2021

Indicator / Period Day - SellWeek - SellMonth - Buy
MACD( 12;26;9) Sell BuyBuy
RSI (14) Buy NeutralBuy
SMA 20 Sell SellBuy

GBPUSD 07/07/2021 - Reference Price : 1.3819

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