CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 24/07/2023

Fundamental analysis

24 July, 2023

During European trading, the British pound was lower against the US dollar. It is trading around 1.2834. The U.K reported the S&P Global/CIPS UK Manufacturing PMI at 45.0 vs 46.1 expected. The United States has no economic events scheduled to report. The United States will report the S&P Global US Service PMI for July later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 24/07/2023
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 24/07/2023

Support & Resistance Level Explanation
Resistance 2 1.2906 Daily R2
Resistance 1 1.2874 Daily R1
Support 1 1.2788 Daily S1
Support 2 1.2756 Daily S2

GBPUSD Indicator Table - 24/07/2023

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 - 24/07/2023

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

GBPUSD 24/07/2023 - Reference Price : 1.2828

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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