CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 22/01/2025

Fundamental analysis

22 January, 2025

During Asian trading, the British pound fell against the US Dollar trading below 1.2300 levels.

The currency pair declined, after weaker than expected UK data increased the chances of multiple rate cuts from the Bank of England in the coming months. In the UK, Public Sector Net Borrowing for December (13.7 bln exp) will be posted (07:00 GMT). In the US, Leading Index data for December (-0.1% expected) will be posted (15:00 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 22/01/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 22/01/2025

Support & Resistance Level Explanation
Resistance 2 1.2407 Daily R2
Resistance 1 1.2370 Daily R1
Support 1 1.2270 Daily S1
Support 2 1.2233 Daily S2

GBPUSD Indicator Table - 22/01/2025

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

GBPUSD Indicator / Period Table - 22/01/2025

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

GBPUSD 22/01/2025 - Reference Price : 1.2320

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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Pound - US Dollar Chart
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