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 08/12/2022

Fundamental analysis

08 December, 2022

The Pound dollar currency pair inched upwards during the Asian session. The pair is trading at 1.2203. 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 has reported Nonfarm Productivity Quarter-on-Quarter for Q3 at 0.8%. The consensus was 0.6%. Initial Jobless Claims are set to be reported later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 08/12/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 08/12/2022

Support & Resistance Level Explanation
Resistance 2 1.2323 Daily R2
Resistance 1 1.2272 Daily R1
Support 1 1.2134 Daily S1
Support 2 1.2082 Daily S2

GBPUSD Indicator Table - 08/12/2022

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

GBPUSD Indicator / Period Table - 08/12/2022

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

GBPUSD 08/12/2022 - Reference Price : 1.2202

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