The British Pound moved slightly higher in choppy trading on Tuesday. It is presently 1.33154. In the UK, the Nationwide HPI for November rose 10.0%, Year-over-Year, and climbed 0.9%, Month-over-Month. Each figure beat their forecasts of 9.3% and 0.5%, respectively. The UK’s Manufacturing PMI for November printed at 58.1, just a tenth of a point shy of the analysts’ prediction of 58.2. The United States will release its ADP Nonfarm Payroll Change as well as its ISM Manufacturing PMI, both for November, this afternoon. U.S. Federal Reserve Chairman Powell and Treasury Secretary Yellen will continue their testimony before the Senate Banking Committee today.
Pound - US Dollar Analysis
US Session Analysis for CFD Instruments 01/12/2021
Technical analysis
Time Frame: 1 hour
GBPUSD Support & Resistance Table - 01/12/2021
| Support & Resistance | Level | Explanation |
| Resistance 2 | 1.33794 | Daily R2 |
| Resistance 1 | 1.33520 | Daily R1 |
| Support 1 | 1.32790 | Daily S1 |
| Support 2 | 1.32516 | Daily S2 |
GBPUSD Indicator Table - 01/12/2021
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Sell |
| SMA 100 | Sell |
| MACD( 12;26;9) | Sell |
| RSI (14) | Sell |
| Stochastic ( 9;6;3) | Buy |
GBPUSD Indicator / Period Table - 01/12/2021
| Indicator / Period | Day - Sell | Week - Sell | Month - Sell |
| MACD( 12;26;9) | Sell | Sell | Sell |
| RSI (14) | Sell | Sell | Sell |
| SMA 20 | Sell | Sell | Sell |
GBPUSD 01/12/2021 - Reference Price : 1.33155
| Sell |
|
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