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 07/12/2022

Fundamental analysis

07 December, 2022

The Pound dollar currency pair fell during the Asian session. The pair is trading at 1.2116. The U.K reported Construction PMI for November at 50.4 vs 52.0 expected. The Halifax House Price Index Month-on-Month for October at -2.3%. The consensus was -0.2%. The United States reported its October Trade Balance at -78.20B. The consensus was -80.00B. Nonfarm Productivity Quarter-on-Quarter for Q3 is set to be printed later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 07/12/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 07/12/2022

Support & Resistance Level Explanation
Resistance 2 1.2243 Daily R2
Resistance 1 1.2188 Daily R1
Support 1 1.2041 Daily S1
Support 2 1.1985 Daily S2

GBPUSD Indicator Table - 07/12/2022

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

GBPUSD Indicator / Period Table - 07/12/2022

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

GBPUSD 07/12/2022 - Reference Price : 1.2117

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