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 18/12/2024

Fundamental analysis

18 December, 2024

During European trading, the British Pound increased against the US Dollar trading above 1.2690 levels.

Positive employment data from the UK is creating upward pressure on the currency pair. In the UK, CPI Inflation data for November was released showing data in line with expectations (2.6%). In the US, the Fed Interest Rate Decision and Press Conference (4.5% exp) will be released / take place at 19:00 GMT and 19:30 respectively.

Technical analysis

Pound - US Dollar Analysis Technical analysis 18/12/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 18/12/2024

Support & Resistance Level Explanation
Resistance 2 1.2773 Daily R2
Resistance 1 1.2749 Daily R1
Support 1 1.2685 Daily S1
Support 2 1.2661 Daily S2

GBPUSD Indicator Table - 18/12/2024

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

GBPUSD Indicator / Period Table - 18/12/2024

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

GBPUSD 18/12/2024 - Reference Price : 1.2718

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