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. 70.91% 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 29/07/2021

Fundamental analysis

29 July, 2021

The British Pound moved upwards on Thursday. It is presently 1.3952. The USD/JPY pair edged lower on Thursday. It is 109.83 at midday in Europe. The dollar has been falling against a basket of other currencies after the Fed announced no change to its rate policy or on tapering at its meeting yesterday. The United States will report GDP for Q2 data this afternoon and Initial Jobless Claims data, both at 13:30 GMT+1.

Technical analysis

Pound - US Dollar Analysis Technical analysis 29/07/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 29/07/2021

Support & Resistance Level Explanation
Resistance 2 1.4019 Daily R2
Resistance 1 1.3992 Daily R1
Support 1 1.3920 Daily S1
Support 2 1.3893 Daily S2

GBPUSD Indicator Table - 29/07/2021

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

GBPUSD Indicator / Period Table - 29/07/2021

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

GBPUSD 29/07/2021 - Reference Price : 1.3956

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