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

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 - Buy	Week - Sell	Month - Buy
MACD( 12;26;9)	Buy	Buy	Buy
RSI (14)	Sell	Neutral	Buy
SMA 20	Buy	Sell	Buy

GBPUSD 23/07/2021 - Reference Price : 1.3726

Buy

Simple Moving Average	Buy (2)	Sell (1)
Technical Indicators - Oscillators	Buy (1)	Sell (2)

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