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 11/08/2023

Fundamental analysis

11 August, 2023

During Asian trading, the British pound increase against the US dollar and is trading at 12685. The U.K will report GDP Quarter-on-Quarter for Q2 later today. GDP Month-on-Month for June will also be reported. The United States will be reporting Michigan Consumer Expectations for July later today. PPI Month-on-Month for July and Consumer Sentiment for July will also be reported.

Technical analysis

Pound - US Dollar Analysis Technical analysis 11/08/2023
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 11/08/2023

Support & Resistance Level Explanation
Resistance 2 1.2751 Daily R2
Resistance 1 1.2721 Daily R1
Support 1 1.2641 Daily S1
Support 2 1.2611 Daily S2

GBPUSD Indicator Table - 11/08/2023

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

GBPUSD Indicator / Period Table - 11/08/2023

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

GBPUSD 11/08/2023 - Reference Price : 1.2684

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