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Pound - US Dollar Analysis

EU Session Analysis for CFD Instruments 14/02/2020

Fundamental analysis

14 February, 2020

The GBP/USD was broadly unchanged on Friday morning, trading at 1.3047 as currency traders pause after yesterday’s unexpected political developments which pushed the pound sharply higher against a basket of other currencies. UK Finance Minister Javid resigned with analysts speculating that Prime Minister Johnson plans to increase investment and potentially plans tax cuts which may boost the UK economy thus causing Sterling to jump in value. In the US, Retail Sales data for January will be released at 13:30 GMT. At 14:15 GMT, US Industrial Production for January will be released, too.

Technical analysis

Pound - US Dollar Analysis Technical analysis 14/02/2020
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 14/02/2020

Support & Resistance Level Explanation
Resistance 2 1.3105 Daily R2
Resistance 1 1.3077 Daily R1
Support 1 1.3020 Daily S1
Support 2 1.2990 Daily S2

GBPUSD Indicator Table - 14/02/2020

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 - 14/02/2020

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

GBPUSD 14/02/2020 - Reference Price : 1.3048

Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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14/02/20 - Friday / Analysis
Pound - US Dollar Chart
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