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 12/01/2022

Fundamental analysis

12 January, 2022

The British Pound USD currency pair edged upwards to 1.3644 during the Asian session. The Pound traded higher in the late afternoon on Tuesday. The UK’s BRC Retail Sales Monitor for December printed at 0.6%, Year-over-Year. In the United States, U.S. Federal Reserve chairman Jerome Powell testified at his confirmation hearing in the U.S. Senate.

Technical analysis

Pound - US Dollar Analysis Technical analysis 12/01/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 12/01/2022

Support & Resistance Level Explanation
Resistance 2 1.3694 Daily R2
Resistance 1 1.3672 Daily R1
Support 1 1.3615 Daily S1
Support 2 1.3593 Daily S2

GBPUSD Indicator Table - 12/01/2022

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

GBPUSD Indicator / Period Table - 12/01/2022

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

GBPUSD 12/01/2022 - Reference Price : 1.3634

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