CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 67.52% 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 21/06/2023

Fundamental analysis

21 June, 2023

During European trading, the British pound was lower against the US dollar. It is trading around 1.2704. The U.K reported higher than expected CPI Year-on-Year for May at 8.7% vs 8.4% expected. CPI Month-on-Month for May printed 0.7% vs 0.4% expected. The United States will see Federal Reserve Chair Jerome Powell testify in front of Congress later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 21/06/2023
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 21/06/2023

Support & Resistance Level Explanation
Resistance 2 1.2782 Daily R2
Resistance 1 1.2752 Daily R1
Support 1 1.2673 Daily S1
Support 2 1.2643 Daily S2

GBPUSD Indicator Table - 21/06/2023

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 - 21/06/2023

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

GBPUSD 21/06/2023 - Reference Price : 1.2702

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