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 29/10/2024

Fundamental analysis

29 October, 2024

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

The GBP/USD pair continued its negative bias amid expectations of interest rate cuts in the coming months. In the UK, Consumer Credit data for September will be released (09:30 GMT) today. In the United States, CB Consumer Confidence for October (99.2 exp) and JOLTS Job Openings for September (7.920 mln exp) will be revealed (14:00 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 29/10/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 29/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3009 Daily R2
Resistance 1 1.2989 Daily R1
Support 1 1.2935 Daily S1
Support 2 1.2915 Daily S2

GBPUSD Indicator Table - 29/10/2024

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

GBPUSD Indicator / Period Table - 29/10/2024

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

GBPUSD 29/10/2024 - Reference Price : 1.2968

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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