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 11/12/2024

Fundamental analysis

11 December, 2024

During Asian trading, the British Pound decreased against the US Dollar trading below 1.2800 levels.

The GBP/USD edged lower, despite increasing expectations that the Bank of England may opt to freeze interest rates this month. In the UK, no data is scheduled for release today. In the US, CPI Inflation data (2.7% exp) will be released (13:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 11/12/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 11/12/2024

Support & Resistance Level Explanation
Resistance 2 1.2821 Daily R2
Resistance 1 1.2797 Daily R1
Support 1 1.2734 Daily S1
Support 2 1.2710 Daily S2

GBPUSD Indicator Table - 11/12/2024

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

GBPUSD Indicator / Period Table - 11/12/2024

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

GBPUSD 11/12/2024 - Reference Price : 1.2765

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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