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. 67.52% 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 01/06/2022

Fundamental analysis

01 June, 2022

The Pound dollar currency pair fell during the Asian session. The pair is trading at 1.2582. The U.K had no economic events scheduled to report. The United States printed the Chicago PMI for May at 60.3 vs 55.0 expected. CB Consumer Confidence for May reported 106.4. The consensus was 103.9.

Technical analysis

Pound - US Dollar Analysis Technical analysis 01/06/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 01/06/2022

Support & Resistance Level Explanation
Resistance 2 1.2635 Daily R2
Resistance 1 1.2611 Daily R1
Support 1 1.2548 Daily S1
Support 2 1.2524 Daily S2

GBPUSD Indicator Table - 01/06/2022

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

GBPUSD Indicator / Period Table - 01/06/2022

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

GBPUSD 01/06/2022 - Reference Price : 1.2580

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