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 18/12/2024

Fundamental analysis

18 December, 2024

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

The pair lacked any firm direction in the Asian session as traders looked to today’s UK inflation data and comments from Fed Chair Powell following the Fed interest rate decision. In the UK, CPI Inflation data for November (2.5% exp) will be released (07:00 GMT). In the US, the Fed Interest Rate Decision and Press Conference (4.5% exp) will be released / take place at 19:00 GMT and 19:30 respectively.

Technical analysis

Pound - US Dollar Analysis Technical analysis 18/12/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 18/12/2024

Support & Resistance Level Explanation
Resistance 2 1.2759 Daily R2
Resistance 1 1.2735 Daily R1
Support 1 1.2671 Daily S1
Support 2 1.2647 Daily S2

GBPUSD Indicator Table - 18/12/2024

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

GBPUSD Indicator / Period Table - 18/12/2024

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

GBPUSD 18/12/2024 - Reference Price : 1.2703

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