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 03/02/2022

Fundamental analysis

03 February, 2022

The British Pound drifted slightly lower on Thursday. It is presently 1.35496. The UK Services PMI for January printed at 54.1. The consensus forecast was 53.3. The Bank of England will release their latest interest rate decision this afternoon. The United States will post Initial Jobless Claims for the past week later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 03/02/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 03/02/2022

Support & Resistance Level Explanation
Resistance 2 1.3656 Daily R2
Resistance 1 1.3631 Daily R1
Support 1 1.3518 Daily S1
Support 2 1.3494 Daily S2

GBPUSD Indicator Table - 03/02/2022

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

GBPUSD Indicator / Period Table - 03/02/2022

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

GBPUSD 03/02/2022 - Reference Price : 1.3609

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