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 23/01/2023

Fundamental analysis

23 January, 2023

The Pound dollar currency pair climbed during the Asian session. The pair is trading at 1.2414. This morning in the UK Retails sales data for December will be out. In the US yesterday's reports showed that initial jobless claims last week fell from 205K to 190K and the Philadelphia Fed manufacturing Index in January improved from -13.7 to -8.9. In the afternoon in the US housing data for December will be out.

Technical analysis

Pound - US Dollar Analysis Technical analysis 23/01/2023
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 23/01/2023

Support & Resistance Level Explanation
Resistance 2 1.2495 Daily R2
Resistance 1 1.2460 Daily R1
Support 1 1.2366 Daily S1
Support 2 1.2331 Daily S2

GBPUSD Indicator Table - 23/01/2023

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 - 23/01/2023

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

GBPUSD 23/01/2023 - Reference Price : 1.2415

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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