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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% 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 26/11/2024

Fundamental analysis

26 November, 2024

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

During this morning’s session the currency pair rose higher after Trump’s new import tax policy was announced in which there are no new taxes on British imports. In the UK, BoE Member Pill spoke this morning. In the United States, New Homes Sales for October (724k expected) and CB Consumer Confidence for November (112.0 exp) will be published (15:00 GMT). Later this evening Fed Meeting Minutes will be published (19:00 GMT)

Technical analysis

Pound - US Dollar Analysis Technical analysis 26/11/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 26/11/2024

Support & Resistance Level Explanation
Resistance 2 1.2636 Daily R2
Resistance 1 1.2610 Daily R1
Support 1 1.2540 Daily S1
Support 2 1.2514 Daily S2

GBPUSD Indicator Table - 26/11/2024

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

GBPUSD Indicator / Period Table - 26/11/2024

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

GBPUSD 26/11/2024 - Reference Price : 1.2579

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