CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 06/05/2022

Fundamental analysis

06 May, 2022

The British pound is trading slightly higher against the dollar today. It is currently trading at 1.23404. The U.K reported a Month-on-Month House Price Index for April at 1.1% vs 0.7% expected. The Construction PMI for April came in at 58.2. The consensus was 58.0. The United States will report the Unemployment Rate for April later today. ADP Nonfarm Payrolls for April will also print later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 06/05/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 06/05/2022

Support & Resistance Level Explanation
Resistance 2 1.24846 Daily R2
Resistance 1 1.24327 Daily R1
Support 1 1.22943 Daily S1
Support 2 1.22424 Daily S2

GBPUSD Indicator Table - 06/05/2022

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

GBPUSD Indicator / Period Table - 06/05/2022

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellSell
RSI (14) Sell SellSell
SMA 20 Sell SellSell

GBPUSD 06/05/2022 - Reference Price : 1.23635

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