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 10/08/2021

Fundamental analysis

10 August, 2021

The British Pound USD currency pair edged upwards to 1.3848 during the Asian session. The Pound bounced up and down and finished the European trading day lower on Monday. The UK’s economic calendar was empty. The JOLTs Job Openings report for June in the United States showed over 10 million job openings, above the roughly 9.3 million that analysts had predicted.

Technical analysis

Pound - US Dollar Analysis Technical analysis 10/08/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 10/08/2021

Support & Resistance Level Explanation
Resistance 2 1.3892 Daily R2
Resistance 1 1.3872 Daily R1
Support 1 1.3820 Daily S1
Support 2 1.3800 Daily S2

GBPUSD Indicator Table - 10/08/2021

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

GBPUSD Indicator / Period Table - 10/08/2021

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

GBPUSD 10/08/2021 - Reference Price : 1.3847

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