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 10/12/2024

Fundamental analysis

10 December, 2024

During European trading, the British Pound increased against the US Dollar trading above 1.2700 levels.

Since this morning the pair has seen a general rise given that the demand for the dollar is weakening ahead of the FED's interest rate cut decision. In the UK, no data is scheduled for release today. In the US, Q3 Nonfarm Productivity (2.2% exp) and Unit Labor Costs (1.9% exp) data will be released (13:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 10/12/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 10/12/2024

Support & Resistance Level Explanation
Resistance 2 1.2811 Daily R2
Resistance 1 1.2786 Daily R1
Support 1 1.2722 Daily S1
Support 2 1.2697 Daily S2

GBPUSD Indicator Table - 10/12/2024

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

GBPUSD Indicator / Period Table - 10/12/2024

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

GBPUSD 10/12/2024 - Reference Price : 1.2757

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