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 11/12/2024

Fundamental analysis

11 December, 2024

During European trading, the British Pound decreased against the US Dollar trading below 1.2730 levels.

Since this morning’s session the currency pair has experienced a fall despite the fact that the BoE may reconsider and not cut interest rates on December 18. In the UK, no data is scheduled for release today. In the US, CPI Inflation data (2.7% exp) will be released (13:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 11/12/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 11/12/2024

Support & Resistance Level Explanation
Resistance 2 1.2774 Daily R2
Resistance 1 1.2715 Daily R1
Support 1 1.2687 Daily S1
Support 2 1.2664 Daily S2

GBPUSD Indicator Table - 11/12/2024

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

GBPUSD Indicator / Period Table - 11/12/2024

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

GBPUSD 11/12/2024 - Reference Price : 1.2724

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