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 20/12/2024

Fundamental analysis

20 December, 2024

During European trading, the British Pound increased against the US Dollar trading above 1.2500 levels.

After hitting a seven month low the pair started to recover. In the UK, Retail Sales for November were posted showing a worse than expected result (0.5% vs 0.8% expected). In the US, Core PCE Price Index for November (2.9% exp) will be released (13:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 20/12/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 20/12/2024

Support & Resistance Level Explanation
Resistance 2 1.2576 Daily R2
Resistance 1 1.2544 Daily R1
Support 1 1.2456 Daily S1
Support 2 1.2424 Daily S2

GBPUSD Indicator Table - 20/12/2024

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

GBPUSD Indicator / Period Table - 20/12/2024

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

GBPUSD 20/12/2024 - Reference Price : 1.2495

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