CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Pound - US Dollar Analysis

EU Session Analysis for CFD Instruments 24/09/2021

Fundamental analysis

24 September, 2021

The British Pound USD currency pair climbed to 1.3825 during the Asian session. The Pound rallied on Thursday. The Bank of England kept interest rates unchanged at 0.10%, as expected. The UK’s Manufacturing PMI for September printed at 56.3 and the Services PMI for September printed at 56.3 Analysts were expecting 59.0 and 58.5 respectively. Initial Jobless Claims for the past week in the United States came in at 351,000, higher than their consensus forecast of 320,000. The U.S. Manufacturing and Services PMI’s for September also missed their forecasts printing at 60.5 and 54.4 respectively.

Technical analysis

Pound - US Dollar Analysis Technical analysis 24/09/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 24/09/2021

Support & Resistance Level Explanation
Resistance 2 1.3782 Daily R2
Resistance 1 1.3755 Daily R1
Support 1 1.3683 Daily S1
Support 2 1.3657 Daily S2

GBPUSD Indicator Table - 24/09/2021

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

GBPUSD Indicator / Period Table - 24/09/2021

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

GBPUSD 24/09/2021 - Reference Price : 1.3714

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