CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 20/11/2024

Fundamental analysis

20 November, 2024

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

Earlier this morning the GBP/USD fell to levels of around 1.2660 driven by a stronger dollar as a safe haven demand. In the UK, CPI Inflation data for October was posted showing higher than expected results (2.3% realised vs 2.2% expected). In the United States, Fed Member Bowman will speak (12:15 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 20/11/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 20/11/2024

Support & Resistance Level Explanation
Resistance 2 1.2715 Daily R2
Resistance 1 1.2689 Daily R1
Support 1 1.2621 Daily S1
Support 2 1.2595 Daily S2

GBPUSD Indicator Table - 20/11/2024

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 - 20/11/2024

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

GBPUSD 20/11/2024 - Reference Price : 1.2655

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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