CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 67.52% 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 23/07/2021

Fundamental analysis

23 July, 2021

The British Pound USD currency pair inched upwards to 1.3759 during the Asian session. The Pound rallied on Thursday. The UK’s CBI Industrial Trends Orders for July came in at 17. Initial Jobless Claims in the United States for the past week were higher than analysts had predicted. They printed at 419,000, above the 350,000 forecast. Existing Home Sales for June in the United States came in close to their estimate at 5.86 million new homes. The consensus forecast was 5.90 million.

Technical analysis

Pound - US Dollar Analysis Technical analysis 23/07/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 23/07/2021

Support & Resistance Level Explanation
Resistance 2 1.3843 Daily R2
Resistance 1 1.3810 Daily R1
Support 1 1.3720 Daily S1
Support 2 1.3687 Daily S2

GBPUSD Indicator Table - 23/07/2021

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

GBPUSD Indicator / Period Table - 23/07/2021

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

GBPUSD 23/07/2021 - Reference Price : 1.3762

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