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 01/06/2021

Fundamental analysis

01 June, 2021

The British Pound USD currency pair increased to 1.4234 during the Asian session. The Pound moved sharply higher on Monday. Its rise was driven by end of the month US Dollar selling. The United Kingdom and the United States both had empty economic calendars as both countries were observing national holidays.

Technical analysis

Pound - US Dollar Analysis Technical analysis 01/06/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 01/06/2021

Support & Resistance Level Explanation
Resistance 2 1.42800 Daily R2
Resistance 1 1.42548 Daily R1
Support 1 1.41874 Daily S1
Support 2 1.41622 Daily S2

GBPUSD Indicator Table - 01/06/2021

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 - 01/06/2021

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

GBPUSD 01/06/2021 - Reference Price : 1.42211

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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