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 05/12/2024

Fundamental analysis

05 December, 2024

During European trading, the British Pound increased against the US Dollar trading above 1.2700 levels.
For the last couple of days the pair has seen a steady rise after yesterday’s comments on rate cuts from Bank of England Governor Bailey. In the UK, Construction PMI for November was released showing better than expected results (55.2 vs 53.5 expected). In the United States, Initial Jobless Claims (215k exp) will be released (13:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 05/12/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 05/12/2024

Support & Resistance Level Explanation
Resistance 2 1.2770 Daily R2
Resistance 1 1.2746 Daily R1
Support 1 1.2684 Daily S1
Support 2 1.2661 Daily S2

GBPUSD Indicator Table - 05/12/2024

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

GBPUSD Indicator / Period Table - 05/12/2024

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

GBPUSD 05/12/2024 - Reference Price : 1.2718

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Pound - US Dollar Chart
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