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 12/07/2021

Fundamental analysis

12 July, 2021

The British Pound USD currency pair was broadly unchanged at 1.3899 during the Asian session. The Pound traded sharply higher on Friday, launching off of its lows of the week. The UK’s GDP for June rose 0.8%, Month-over-Month. UK Industrial Production for May rose 0.8%, Month-over-Month. UK Manufacturing Production for May fell 0.1%, Month-over-Month. Economic data out of the United States was light. Wholesale Inventories for May climbed 1.3%, Month-over-Month. Its Wholesale Trade Sales for May rose 0.8%, Month-over-Month.

Technical analysis

Pound - US Dollar Analysis Technical analysis 12/07/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 12/07/2021

Support & Resistance Level Explanation
Resistance 2 1.3927 Daily R2
Resistance 1 1.3908 Daily R1
Support 1 1.3857 Daily S1
Support 2 1.3838 Daily S2

GBPUSD Indicator Table - 12/07/2021

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

GBPUSD Indicator / Period Table - 12/07/2021

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

GBPUSD 12/07/2021 - Reference Price : 1.3884

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Pound - US Dollar Chart
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