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 01/08/2024

Fundamental analysis

01 August, 2024

During Asian trading, the British Pound increase against the US Dollar trading above 1.2840 levels.

In the UK, the Bank of England will make its decision about interest rates. Decrease of 0.25% is expected. In the United States, the Initial Jobless Claims and ISM Manufacturing data are scheduled to be released today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 01/08/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 01/08/2024

Support & Resistance Level Explanation
Resistance 2 1.2884 Daily R2
Resistance 1 1.2868 Daily R1
Support 1 1.2826 Daily S1
Support 2 1.2810 Daily S2

GBPUSD Indicator Table - 01/08/2024

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

GBPUSD Indicator / Period Table - 01/08/2024

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

GBPUSD 01/08/2024 - Reference Price : 1.2846

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (0)Sell (3)
Share It With Your Network
Pound - US Dollar Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now