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

EU Session Analysis for CFD Instruments 29/01/2021

Fundamental analysis

29 January, 2021

The British Pound USD currency pair edged lower, trading at 1.3705. The Pound had been getting beat up on Thursday until the Greenback went South and the British Pound finished the day firmly higher. There was no economic data out of the UK on Thursday. 4th Quarter GDP in the United States came in at 4.0%, as expected. Initial Jobless Claims for the past week were 847,000, below the analysts’ forecast of 875,000.

Technical analysis

Pound - US Dollar Analysis Technical analysis 29/01/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 29/01/2021

Support & Resistance Level Explanation
Resistance 2 1.3773 Daily R2
Resistance 1 1.3746 Daily R1
Support 1 1.3675 Daily S1
Support 2 1.3648 Daily S2

GBPUSD Indicator Table - 29/01/2021

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 - 29/01/2021

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

GBPUSD 29/01/2021 - Reference Price : 1.3711

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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