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 17/12/2024

Fundamental analysis

17 December, 2024

During Asian trading, the British Pound weakened against the US Dollar trading below 1.2700 levels.

The pair declined ahead of a busy week of data including tomorrow’s UK CPI and the Fed meeting on the same day. In the UK, Unemployment Rate for October (4.3% exp) and Claimant Count data for November (26.7 last month) will be released (07:00 GMT). In the US, Retail Sales for November (0.5% expected) and Industrial Production PMI data for November (0.1% exp) will be released at 13:30 GMT and 14:15 respectively.

Technical analysis

Pound - US Dollar Analysis Technical analysis 17/12/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 17/12/2024

Support & Resistance Level Explanation
Resistance 2 1.2722 Daily R2
Resistance 1 1.2698 Daily R1
Support 1 1.2636 Daily S1
Support 2 1.2612 Daily S2

GBPUSD Indicator Table - 17/12/2024

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

GBPUSD Indicator / Period Table - 17/12/2024

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

GBPUSD 17/12/2024 - Reference Price : 1.2667

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Pound - US Dollar Chart
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