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 26/11/2024

Fundamental analysis

26 November, 2024

During Asian trading, the British Pound climbed against the US Dollar trading above 1.2500 levels.

The GBP/USD pair climbed after reports suggested that the incoming Trump administration may not be as aggressive as feared in its tariff policy against European countries. In the UK, BoE Member Pill will speak (08:00 GMT). In the United States, New Homes Sales for October (724k expected) and CB Consumer Confidence for November (112.0 exp) will be published (15:00 GMT). Later this evening Fed Meeting Minutes will be published (19:00 GMT)

Technical analysis

Pound - US Dollar Analysis Technical analysis 26/11/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 26/11/2024

Support & Resistance Level Explanation
Resistance 2 1.2611 Daily R2
Resistance 1 1.2584 Daily R1
Support 1 1.2514 Daily S1
Support 2 1.2488 Daily S2

GBPUSD Indicator Table - 26/11/2024

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 - 26/11/2024

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

GBPUSD 26/11/2024 - Reference Price : 1.2549

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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