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. 70.41% 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 02/06/2021

Fundamental analysis

02 June, 2021

The British Pound USD currency pair edged upwards to 1.4151 during the Asian session. The Pound fell early on Tuesday and kept going. The UK’s Manufacturing PMI for May came in at 65.6. The UK’s Nationwide HPI for May rose 10.9%, Year-over-Year, and climbed 1.8%, Month-over-Month. In the United States, the ISM Manufacturing PMI for May beat its forecast, printing at 61.2. Analysts had expected only 60.9. U.S. Construction Spending for April rose 0.2%, Month-over-Month. The consensus forecast was 0.5%.

Technical analysis

Pound - US Dollar Analysis Technical analysis 02/06/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 02/06/2021

Support & Resistance Level Explanation
Resistance 2 1.42117 Daily R2
Resistance 1 1.41859 Daily R1
Support 1 1.41169 Daily S1
Support 2 1.40911 Daily S2

GBPUSD Indicator Table - 02/06/2021

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

GBPUSD Indicator / Period Table - 02/06/2021

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

GBPUSD 02/06/2021 - Reference Price : 1.41514

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Pound - US Dollar Chart
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