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 22/06/2023

Fundamental analysis

22 June, 2023

During European trading, the British pound was higher against the US dollar. It is trading around 1.2770. The Bank of England will make an Interest Rate decision today, with markets expecting the bank to hike interest rates by 25 basis points. The United States will see Federal Reserve Chair Jerome Powell testify in front of Congress later today. Initial Jobless Claims and Existing Home Sales for May will also be reported.

Technical analysis

Pound - US Dollar Analysis Technical analysis 22/06/2023
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 22/06/2023

Support & Resistance Level Explanation
Resistance 2 1.2849 Daily R2
Resistance 1 1.2818 Daily R1
Support 1 1.2736 Daily S1
Support 2 1.2706 Daily S2

GBPUSD Indicator Table - 22/06/2023

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

GBPUSD Indicator / Period Table - 22/06/2023

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

GBPUSD 22/06/2023 - Reference Price : 1.2805

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