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 23/10/2024

Fundamental analysis

23 October, 2024

During Asian trading, the British Pound climbed against the US Dollar trading just below 1.3000 levels.

The GBP/USD pair attempted to move away from the more than two month low hit yesterday as the Greenback strengthened against most of its rivals. In the UK, Bank of England Governor Bailey will speak (21:30 GMT+1). In the United States, Fed Member Bowman will speak (14:00 GMT+1) and Existing Home Sales data (3.88 mln expected) will be posted (15:00 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 23/10/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 23/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3039 Daily R2
Resistance 1 1.3018 Daily R1
Support 1 1.2961 Daily S1
Support 2 1.2939 Daily S2

GBPUSD Indicator Table - 23/10/2024

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

GBPUSD Indicator / Period Table - 23/10/2024

Indicator / Period Day - SellWeek - SellMonth - Buy
MACD( 12;26;9) Sell SellBuy
RSI (14) Sell SellBuy
SMA 20 Sell SellNeutral

GBPUSD 23/10/2024 - Reference Price : 1.2989

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