CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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 03/10/2022

Fundamental analysis

03 October, 2022

The Pound dollar currency pair moved higher during the Asian session. The pair is trading at 1.1143. The UK reported Quarter-on-Quarter GDP for Q2 at 0.2%. Business Investment Quarter-on-Quarter for Q2 reported 3.7%. Manufacturing PMI for September will print later today. The United States reported Michigan Consumer Sentiment for September at 58.6 vs 59.5 expected. The Chicago PMI printed 45.7 vs 51.8 expected. The Core PCE Price Index Month-on-Month for August was reported at 0.6%. The consensus was 0.5%. ISM Manufacturing PMI for September will print later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 03/10/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 03/10/2022

Support & Resistance Level Explanation
Resistance 2 1.1398 Daily R2
Resistance 1 1.1291 Daily R1
Support 1 1.1006 Daily S1
Support 2 1.0900 Daily S2

GBPUSD Indicator Table - 03/10/2022

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

GBPUSD Indicator / Period Table - 03/10/2022

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

GBPUSD 03/10/2022 - Reference Price : 1.1230

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