CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 67.52% 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 11/07/2024

Fundamental analysis

11 July, 2024

During Asian trading, the British Pound rose up against the US Dollar, trading above 1.2800 levels.

In the UK, GDP (MoM) data is expected. In the United States, CPI data is expected for release.

Technical analysis

Pound - US Dollar Analysis Technical analysis 11/07/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 11/07/2024

Support & Resistance Level Explanation
Resistance 2 1.2891 Daily R2
Resistance 1 1.2876 Daily R1
Support 1 1.2836 Daily S1
Support 2 1.2821 Daily S2

GBPUSD Indicator Table - 11/07/2024

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 - 11/07/2024

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

GBPUSD 11/07/2024 - Reference Price : 1.2856

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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