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. 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 19/01/2023

Fundamental analysis

19 January, 2023

The Pound dollar currency pair inched lower during the Asian session. The pair is trading at 1.2344. Positive economic data published yesterday supported British currency. Data showed wage growth picked up more pace in the three months to November, while employment rose by a faster-than-expected 27,000. Today important inflation data for december will be published. The US dollar remains under pressure as the Fed approaches the end of its rate hike cycle as inflation in the US heads lower. PPI report and retail sales number for December will be published in the afternoon hours.

Technical analysis

Pound - US Dollar Analysis Technical analysis 19/01/2023
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 19/01/2023

Support & Resistance Level Explanation
Resistance 2 1.2416 Daily R2
Resistance 1 1.2375 Daily R1
Support 1 1.2265 Daily S1
Support 2 1.2224 Daily S2

GBPUSD Indicator Table - 19/01/2023

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

GBPUSD Indicator / Period Table - 19/01/2023

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

GBPUSD 19/01/2023 - Reference Price : 1.2318

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