CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 19/07/2021

Fundamental analysis

19 July, 2021

The British Pound USD currency pair moved slightly lower to 1.3761 during the Asian session. The Pound fell sharply on Friday afternoon. There was no significant economic data out of the UK on Friday, but fears of renewed economic restrictions due to a resurgence of virus cases helped push the Pound lower. In the United States, Retail Sales for June were higher than expected. Retail Sales rose 0.6%, Month-over-Month, and Core Retail Sales climbed 1.3%, Month-over-Month. The Michigan Consumer Sentiment for July missed its forecast of 86.5, coming in at 80.8.

Technical analysis

Pound - US Dollar Analysis Technical analysis 19/07/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 19/07/2021

Support & Resistance Level Explanation
Resistance 2 1.3820 Daily R2
Resistance 1 1.3792 Daily R1
Support 1 1.3718 Daily S1
Support 2 1.3691 Daily S2

GBPUSD Indicator Table - 19/07/2021

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

GBPUSD Indicator / Period Table - 19/07/2021

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

GBPUSD 19/07/2021 - Reference Price : 1.3750

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