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 14/05/2024

Fundamental analysis

14 May, 2024

During European trading, the British Pound was lower against the US Dollar, trading below 1.2600 levels.

The UK posted unemployment numbers higher than the previous month but in line with expectations today. The United States is expected to release Producer Price Index data.

Technical analysis

Pound - US Dollar Analysis Technical analysis 14/05/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 14/05/2024

Support & Resistance Level Explanation
Resistance 2 1.2589 Daily R2
Resistance 1 1.2572 Daily R1
Support 1 1.2527 Daily S1
Support 2 1.2510 Daily S2

GBPUSD Indicator Table - 14/05/2024

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

GBPUSD Indicator / Period Table - 14/05/2024

Indicator / Period Day - BuyWeek - SellMonth - Sell
MACD( 12;26;9) Buy SellSell
RSI (14) Neutral NeutralNeutral
SMA 20 Buy SellSell

GBPUSD 14/05/2024 - Reference Price : 1.2552

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