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 28/10/2024

Fundamental analysis

28 October, 2024

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

The Pound Sterling rose sharply as the greenback began to show signs of weakness against most of its rivals in the European session. after a Bank of England official yesterday suggested that inflation needs to decline further for more rate cuts. In the UK, there are no major data releases today. In the United States, there are no major data releases today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 28/10/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 28/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3024 Daily R2
Resistance 1 1.3003 Daily R1
Support 1 1.2947 Daily S1
Support 2 1.2926 Daily S2

GBPUSD Indicator Table - 28/10/2024

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

GBPUSD Indicator / Period Table - 28/10/2024

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

GBPUSD 28/10/2024 - Reference Price : 1.2977

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