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 05/02/2021

Fundamental analysis

05 February, 2021

The British Pound USD currency pair inched higher, trading at 1.3674 during the Asian session. The Pound was declining on Thursday until it went vertical after the Bank of England announced it was leaving interest rates unchanged at 0.10% and taking negative rates off of the table for now. In the United States, there were 779,000 new jobless claims filed for the past week. The consensus forecast was for 830,000 claims. Factory Orders for December beat expectations rising 1.1% versus the 0.7 % that had been expected.

Technical analysis

Pound - US Dollar Analysis Technical analysis 05/02/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 05/02/2021

Support & Resistance Level Explanation
Resistance 2 1.3743 Daily R2
Resistance 1 1.3719 Daily R1
Support 1 1.3653 Daily S1
Support 2 1.3628 Daily S2

GBPUSD Indicator Table - 05/02/2021

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

GBPUSD Indicator / Period Table - 05/02/2021

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

GBPUSD 05/02/2021 - Reference Price : 1.3675

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (1)Sell (2)
Share It With Your Network
Pound - US Dollar Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now