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. 70.91% 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 12/01/2024

Fundamental analysis

12 January, 2024

During European trading, the British Pound fell slightly against the US Dollar and is trading at 1.2754. The United Kingdom reported stronger than expected GDP MoM and YoY data for the month of November today. The United States is expected to release their PPI Inflation data today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 12/01/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 12/01/2024

Support & Resistance Level Explanation
Resistance 2 1.2808 Daily R2
Resistance 1 1.2779 Daily R1
Support 1 1.2703 Daily S1
Support 2 1.2674 Daily S2

GBPUSD Indicator Table - 12/01/2024

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

GBPUSD Indicator / Period Table - 12/01/2024

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

GBPUSD 12/01/2024 - Reference Price : 1.2727

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