Pound - US Dollar Analysis

EU Session Analysis for CFD Instruments 12/06/2019

Fundamental analysis

12 June, 2019

GBP/USD was little changed ahead of the EU opening, trading slightly above the mark of 1.2700. The UK pound found yesterday support with comments from Bank of England Deputy Governor Ben Broadbent, who said that the central bank that it still wants to raise interest rates. Broadbent said on Tuesday he still shared the BoE’s view from early May that rates would need to rise faster than markets expect. On Brexit, Boris Johnson, favorite to succeed Prime Minister Theresa May, will commit on Wednesday to taking Britain out of the European Union on October 31, warning the governing Conservatives delay means defeat at a campaign launch. Later in the US, fresh monthly inflation data will be released at 13:30 GMT+1.

Technical analysis

Pound - US Dollar Analysis Technical analysis 12/06/2019
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 12/06/2019

Support & Resistance Level Explanation
Resistance 2 1.2760 Daily R2
Resistance 1 1.2735 Daily R1
Support 1 1.2699 Daily S1
Support 2 1.2675 Daily S2

GBPUSD Indicator Table - 12/06/2019

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

GBPUSD Indicator / Period Table - 12/06/2019

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

GBPUSD 12/06/2019 - Reference Price : 1.2719

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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