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 12/12/2024

Fundamental analysis

12 December, 2024

During European trading, the British Pound decreased against the US Dollar trading below 1.2760 levels.

Since the publication of the US latest consumer price index the pair is trading in a band and no new economic data coming out of the UK giving the pair a clear direction. In the UK, no data is scheduled for release today. In the US, Initial Jobless Claims data (221k exp) and PPI Inflation data for November (0.2% exp) will be released (13:30 GMT).

Technical analysis

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

GBPUSD Support & Resistance Table - 12/12/2024

Support & Resistance Level Explanation
Resistance 2 1.2794 Daily R2
Resistance 1 1.2772 Daily R1
Support 1 1.2712 Daily S1
Support 2 1.2690 Daily S2

GBPUSD Indicator Table - 12/12/2024

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 - 12/12/2024

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

GBPUSD 12/12/2024 - Reference Price : 1.2746

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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