CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70.41% 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 31/01/2022

Fundamental analysis

31 January, 2022

The British Pound USD currency pair edged upwards to 1.3422 during the Asian session. The Pound moved sideways in a choppy fashion on Friday. The UK’s economic calendar was empty. In the United States, the Core PCE Price Index for December rose 4.9%, Yea-over-Year. The consensus forecast was 4.8%. Personal Spending for December fell 0.6%, Month-over-Month, as expected.

Technical analysis

Pound - US Dollar Analysis Technical analysis 31/01/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 31/01/2022

Support & Resistance Level Explanation
Resistance 2 1.3489 Daily R2
Resistance 1 1.3461 Daily R1
Support 1 1.3386 Daily S1
Support 2 1.3358 Daily S2

GBPUSD Indicator Table - 31/01/2022

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

GBPUSD Indicator / Period Table - 31/01/2022

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellBuy
RSI (14) Buy SellNeutral
SMA 20 Sell SellSell

GBPUSD 31/01/2022 - Reference Price : 1.3421

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