Pound - US Dollar Analysis

EU Session Analysis for CFD Instruments 16/04/2024

Fundamental analysis

16 April, 2024

During Asian trading, the British Pound was marginally weaker against the US Dollar, trading below 1.2500 levels.

The UK will be releasing its unemployment rate figures for February later today. Later today, Federal Reserve Chairman Jerome Powell is scheduled to address the public in the United States.

Technical analysis

Time Frame: 1 hour

GBPUSD Support & Resistance Table - 16/04/2024

Support & Resistance	Level	Explanation
Resistance 2	1.2506	Daily R2
Resistance 1	1.2475	Daily R1
Support 1	1.2393	Daily S1
Support 2	1.2362	Daily S2

GBPUSD Indicator Table - 16/04/2024

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

GBPUSD Indicator / Period Table - 16/04/2024

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

GBPUSD 16/04/2024 - Reference Price : 1.2426

Sell

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

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