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 16/07/2021

Fundamental analysis

16 July, 2021

The British Pound USD currency pair inched upwards to 1.3839 during the Asian session. The Pound finished the European trading day marginally higher after a day of choppy trading on Thursday. The UK’s Claimant Count for June fell 114,800. Its Unemployment Rate for May printed at 4.8%. Initial Jobless Claims for the past week in the United States came in exactly as forecast at 360,000 new claims. The Philadelphia Fed Manufacturing Index for July was reported to be 21.9, much lower than the 28.0 that analysts had predicted.

Technical analysis

Pound - US Dollar Analysis Technical analysis 16/07/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 16/07/2021

Support & Resistance Level Explanation
Resistance 2 1.3904 Daily R2
Resistance 1 1.3873 Daily R1
Support 1 1.3792 Daily S1
Support 2 1.3762 Daily S2

GBPUSD Indicator Table - 16/07/2021

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

GBPUSD Indicator / Period Table - 16/07/2021

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

GBPUSD 16/07/2021 - Reference Price : 1.3831

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