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 11/02/2021

Fundamental analysis

11 February, 2021

The British Pound USD currency pair pushed higher, trading at 1.3849 during the Asian session. The Pound rose on Wednesday as what seems like a recovery in the UK from both the virus and Brexit continues. The UK did not post any economic data on Wednesday. CPI numbers in the United States were slightly weaker than expected. Core CPI came in at 0.0% Month-over-Month, and 1.4%, Year-over-Year. Analysts had been expecting 0.2% and 1.5% respectively.

Technical analysis

Pound - US Dollar Analysis Technical analysis 11/02/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 11/02/2021

Support & Resistance Level Explanation
Resistance 2 1.3889 Daily R2
Resistance 1 1.3870 Daily R1
Support 1 1.3821 Daily S1
Support 2 1.3803 Daily S2

GBPUSD Indicator Table - 11/02/2021

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 - 11/02/2021

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

GBPUSD 11/02/2021 - Reference Price : 1.3850

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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Pound - US Dollar Chart
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