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Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 23/07/2021

Fundamental analysis

23 July, 2021

The British Pound drifted lower on Friday after its two-trading day rally. It is presently 1.37286. UK Retail Sales for June rose 0.5%, Month-over-Month, and climbed 9.7%, Year-over-Year. The consensus forecasts were 0.4% and 9.6% respectively. All three UK PMI numbers missed their estimates for July. The Composite, Manufacturing, and Services came in at 57.7, 60.4, and 57.8. The consensus forecasts were 61.9, 62.7, and 62.0 respectively. The United States will post its latest Manufacturing and Services PMI’s this afternoon.

Technical analysis

Pound - US Dollar Analysis Technical analysis 23/07/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 23/07/2021

Support & Resistance Level Explanation
Resistance 2 1.3816 Daily R2
Resistance 1 1.3782 Daily R1
Support 1 1.3694 Daily S1
Support 2 1.3660 Daily S2

GBPUSD Indicator Table - 23/07/2021

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

GBPUSD Indicator / Period Table - 23/07/2021

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

GBPUSD 23/07/2021 - Reference Price : 1.3726

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