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 11/01/2022

Fundamental analysis

11 January, 2022

The British Pound USD currency pair increased to 1.3598 during the Asian session. The Pound traded lower on Monday, like most majors against the US Dollar. The UK’s economic calendar was empty. In the United States, Wholesales Inventories for November climbed 1.4%, Month-over-Month. Analysts had expected an increase of only 1.2%. The CB Employment Trends Index for December came in at 116.63.

Technical analysis

Pound - US Dollar Analysis Technical analysis 11/01/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 11/01/2022

Support & Resistance Level Explanation
Resistance 2 1.3638 Daily R2
Resistance 1 1.3614 Daily R1
Support 1 1.3553 Daily S1
Support 2 1.3530 Daily S2

GBPUSD Indicator Table - 11/01/2022

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

GBPUSD Indicator / Period Table - 11/01/2022

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

GBPUSD 11/01/2022 - Reference Price : 1.3582

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