CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% 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. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 12/08/2022

Fundamental analysis

12 August, 2022

The Pound was weaker against the U.S Dollar today. It is currently trading at 1.2145. The U.K reported GDP Month-on-Month at -0.6% vs -1.2% expected. Q2 GDP Year-on-Year printed 2.9% vs 2.8% expected. GDP Quarter-on-Quarter for Q2 printed -0.1%. The consensus was -0.2%. Manufacturing Production Month-on-Month for June printed -1.6% vs -1.8% expected. The United States will report Michigan Consumer Expectations for August. The Michigan Consumer Sentiment for August will also be printed later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 12/08/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 12/08/2022

Support & Resistance Level Explanation
Resistance 2 1.22342 Daily R2
Resistance 1 1.21981 Daily R1
Support 1 1.21019 Daily S1
Support 2 1.20658 Daily S2

GBPUSD Indicator Table - 12/08/2022

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

GBPUSD Indicator / Period Table - 12/08/2022

Indicator / Period Day - SellWeek - BuyMonth - Sell
MACD( 12;26;9) Buy BuySell
RSI (14) Sell BuySell
SMA 20 Sell BuySell

GBPUSD 12/08/2022 - Reference Price : 1.21500

Sell
Simple Moving AverageBuy (0)Sell (2)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Pound - US Dollar Chart
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