Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 19/12/2024

Fundamental analysis

19 December, 2024

During European trading, the British Pound decreased against the US Dollar trading below 1.2650 levels.

After this morning’s sharp recovery following the FED interest rate decision and on target UK CPI inflation, the pair has continued losing ground. In the UK, the Bank of England will meet to decide on interest rates for December (4.75% - unchanged exp) (12:00 GMT). In the US, Q3 GDP figures (2.8% exp), Initial Jobless Claims (229k exp) and Philadelphia Fed Manufacturing Index for December (3.0 exp) will be released (13:30 GMT).

Technical analysis

Time Frame: 1 hour

GBPUSD Support & Resistance Table - 19/12/2024

Support & Resistance	Level	Explanation
Resistance 2	1.2710	Daily R2
Resistance 1	1.2681	Daily R1
Support 1	1.2601	Daily S1
Support 2	1.2572	Daily S2

GBPUSD Indicator Table - 19/12/2024

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

GBPUSD Indicator / Period Table - 19/12/2024

Indicator / Period	Day - Sell	Week - Sell	Month - Sell
MACD( 12;26;9)	Sell	Sell	Sell
RSI (14)	Buy	Sell	Neutral
SMA 20	Sell	Sell	Sell

GBPUSD 19/12/2024 - Reference Price : 1.2641

Sell

Simple Moving Average	Buy (0)	Sell (3)
Technical Indicators - Oscillators	Buy (2)	Sell (1)

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