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 07/06/2021

Fundamental analysis

07 June, 2021

The British Pound USD currency pair edged lower to 1.4146 during the Asian session. The Pound rose sharply against the US Dollar like most major currencies. Lower than expected jobs numbers in the United States sent U.S. treasury yields and the Greenback lower. The UK’s Construction PMI for May printed at 64.2. In the United States, Nonfarm Payrolls for May were 559,000. The consensus forecast was for 650,000 new jobs. The Unemployment Rate in the United States for May improved to 5.8%, slightly better than the 5.9% forecast.

Technical analysis

Pound - US Dollar Analysis Technical analysis 07/06/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 07/06/2021

Support & Resistance Level Explanation
Resistance 2 1.42103 Daily R2
Resistance 1 1.41817 Daily R1
Support 1 1.41057 Daily S1
Support 2 1.40771 Daily S2

GBPUSD Indicator Table - 07/06/2021

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

GBPUSD Indicator / Period Table - 07/06/2021

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

GBPUSD 07/06/2021 - Reference Price : 1.41437

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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