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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.43% 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

US Session Analysis for CFD Instruments 22/01/2021

Fundamental analysis

22 January, 2021

The British Pound tumbled lower on Friday against the Greenback after its 4-trading day rally. It is currently 1.36634. In the UK, Retail Sales for December rose 0.3%, Month-over-Month, and 2.9%, Year-over-Year. The consensus forecasts were 1.2% and 4.0% respectively. All three of the UK’s PMI reports for January missed their analysts’ estimates by large margins. Composite printed at 40.6 vs. 50.7 expected, Manufacturing came in at 52.9 vs. 57.3 expected, and Services was 38.8 vs. 49.9 expected. The United States is scheduled to release its Manufacturing and Services PMI’s for January later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 22/01/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 22/01/2021

Support & Resistance Level Explanation
Resistance 2 1.3720 Daily R2
Resistance 1 1.3699 Daily R1
Support 1 1.3642 Daily S1
Support 2 1.3621 Daily S2

GBPUSD Indicator Table - 22/01/2021

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

GBPUSD Indicator / Period Table - 22/01/2021

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Buy BuyBuy
SMA 20 Buy BuyBuy

GBPUSD 22/01/2021 - Reference Price : 1.3672

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