CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% 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.
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Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 24/01/2023

Fundamental analysis

24 January, 2023

The Pound is weaker against the U.S Dollar today and trading around 1.2307. The U.K reported Composite PMI of 47.8 vs 49.3 expected. Services PMI was reported at 48.0. The consensus was 49.6. Manufacturing PMI was reported at 46.7 vs 45.4 expected. The United States will report Services PMI for January later today. Manufacturing PMI for January will also be reported.

Technical analysis

Pound - US Dollar Analysis Technical analysis 24/01/2023
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 24/01/2023

Support & Resistance Level Explanation
Resistance 2 1.2409 Daily R2
Resistance 1 1.2374 Daily R1
Support 1 1.2280 Daily S1
Support 2 1.2244 Daily S2

GBPUSD Indicator Table - 24/01/2023

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

GBPUSD Indicator / Period Table - 24/01/2023

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

GBPUSD 24/01/2023 - Reference Price : 1.2306

Sell
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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