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 16/06/2022

Fundamental analysis

16 June, 2022

The Pound was slightly weaker against the U.S Dollar today. It is currently trading at 1.2118. The Bank of England will make an Interest Rate decision today. The Bank of England will also report the QE total later today. The United States will print The Philly Fed Employment Index and Building Permits for May. Housing Starts for May will be reported later today. Initial Jobless Claims will also be reported later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 16/06/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 16/06/2022

Support & Resistance Level Explanation
Resistance 2 1.2212 Daily R2
Resistance 1 1.2153 Daily R1
Support 1 1.1997 Daily S1
Support 2 1.1938 Daily S2

GBPUSD Indicator Table - 16/06/2022

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 - 16/06/2022

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

GBPUSD 16/06/2022 - Reference Price : 1.2062

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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