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. 70.41% 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 22/05/2023

Fundamental analysis

22 May, 2023

During European trading, the British pound strengthened against the US dollar. The exchange rate of this currency pair does not record increased price volatility because financial market participants expect terrible data on production activity from the United Kingdom. This afternoon, several Federal Reserve officials will address the public, which may reflect on the currency pair's exchange rate. During trading so far, the British pound is exchanged for 1.2450 USD.

Technical analysis

Pound - US Dollar Analysis Technical analysis 22/05/2023
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 22/05/2023

Support & Resistance Level Explanation
Resistance 2 1.2505 Daily R2
Resistance 1 1.2477 Daily R1
Support 1 1.2405 Daily S1
Support 2 1.2377 Daily S2

GBPUSD Indicator Table - 22/05/2023

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

GBPUSD Indicator / Period Table - 22/05/2023

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

GBPUSD 22/05/2023 - Reference Price : 1.2449

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Pound - US Dollar Chart
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