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. 70.41% 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 04/01/2023

Fundamental analysis

04 January, 2023

The Pound dollar currency pair climbed during the Asian session. The pair is trading at 1.1983. The U.K reported Manufacturing PMI for December at 45.3. The consensus was 44.7. The United States printed Manufacturing PMI for December at 46.2. The consensus was 46.2. FOMC meeting minutes are set to be released tonight, while ISM Manufacturing PMI for December and JOLTs Job Openings for November will be reported later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 04/01/2023
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 04/01/2023

Support & Resistance Level Explanation
Resistance 2 1.2070 Daily R2
Resistance 1 1.2032 Daily R1
Support 1 1.1930 Daily S1
Support 2 1.1892 Daily S2

GBPUSD Indicator Table - 04/01/2023

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

GBPUSD Indicator / Period Table - 04/01/2023

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

GBPUSD 04/01/2023 - Reference Price : 1.1985

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