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 22/10/2024

Fundamental analysis

22 October, 2024

During European trading, the British Pound fell against the US Dollar trading below 1.3000 levels.

The Pound Sterling pair continues to hold the key support of 1.2970 against the US Dollar in Tuesday’s European session. In the UK, Bank of England Governor Bailey will speak (14:25 GMT+1). In the United States, Fed Member Harker will speak (15:00 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 22/10/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 22/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3029 Daily R2
Resistance 1 1.3007 Daily R1
Support 1 1.2951 Daily S1
Support 2 1.2929 Daily S2

GBPUSD Indicator Table - 22/10/2024

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

GBPUSD Indicator / Period Table - 22/10/2024

Indicator / Period Day - SellWeek - SellMonth - Buy
MACD( 12;26;9) Sell BuyBuy
RSI (14) Sell NeutralNeutral
SMA 20 Sell SellBuy

GBPUSD 22/10/2024 - Reference Price : 1.2975

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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