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 03/02/2023

Fundamental analysis

03 February, 2023

The Pound dollar currency pair inched lower during the Asian session. The pair is trading at 1.2215. The Bank of England raised Interest Rates 50 basis points to 4.00% as expected. The United States printed Initial Jobless Claims at 183k. The consensus was 200k. ISM Non-Manufacturing PMI for January and the Unemployment Rate for January will be reported later today. The Non-Farm Payrolls for January are also set to print.

Technical analysis

Pound - US Dollar Analysis Technical analysis 03/02/2023
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 03/02/2023

Support & Resistance Level Explanation
Resistance 2 1.2294 Daily R2
Resistance 1 1.2261 Daily R1
Support 1 1.2173 Daily S1
Support 2 1.2140 Daily S2

GBPUSD Indicator Table - 03/02/2023

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

GBPUSD Indicator / Period Table - 03/02/2023

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

GBPUSD 03/02/2023 - Reference Price : 1.2220

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