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. 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 01/06/2022

Fundamental analysis

01 June, 2022

The Pound was weaker against the U.S Dollar today. It is currently trading at 1.2584. The U.K reported Nationwide HPI Year-on-Year for May at 11.2%. The consensus was 10.5%. Manufacturing PMI for May printed 54.6 as expected. The United States will print JOLT Job Openings later today. The ISM Manufacturing PMI for May will also be reported.

Technical analysis

Pound - US Dollar Analysis Technical analysis 01/06/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 01/06/2022

Support & Resistance Level Explanation
Resistance 2 1.2650 Daily R2
Resistance 1 1.2626 Daily R1
Support 1 1.2563 Daily S1
Support 2 1.2539 Daily S2

GBPUSD Indicator Table - 01/06/2022

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

GBPUSD Indicator / Period Table - 01/06/2022

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

GBPUSD 01/06/2022 - Reference Price : 1.2576

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