The British Pound rallied on Wednesday. It is presently 1.36382. The UK’s GDP for September rose 0..4%, Month-over-Month, just shy of the 0.5% that was expected. UK Industrial Production for August was up 3.7%, Year-over-Year, and rose 0.8%, Month-over-Month. The consensus forecasts were 3.1% and 0.2%, respectively. Manufacturing Production for August in the UK also beat its estimate of 0.1%, Month-over-Month, coming in at 0.5%. The United States will release inflation data for September this afternoon, including the closely watched CPI.
Pound - US Dollar Analysis
US Session Analysis for CFD Instruments 13/10/2021
Technical analysis
Time Frame: 1 hour
GBPUSD Support & Resistance Table - 13/10/2021
Support & Resistance | Level | Explanation |
Resistance 2 | 1.3686 | Daily R2 |
Resistance 1 | 1.3663 | Daily R1 |
Support 1 | 1.3601 | Daily S1 |
Support 2 | 1.3577 | Daily S2 |
GBPUSD Indicator Table - 13/10/2021
Indicator | Signal |
SMA 20 | Buy |
SMA 50 | Buy |
SMA 100 | Buy |
MACD( 12;26;9) | Buy |
RSI (14) | Neutral |
Stochastic ( 9;6;3) | Buy |
GBPUSD Indicator / Period Table - 13/10/2021
Indicator / Period | Day - Buy | Week - Sell | Month - Buy |
MACD( 12;26;9) | Buy | Sell | Buy |
RSI (14) | Neutral | Sell | Neutral |
SMA 20 | Buy | Sell | Buy |
GBPUSD 13/10/2021 - Reference Price : 1.3621
Buy |
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