CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. 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 27/12/2024

Fundamental analysis

27 December, 2024

During European trading, the British Pound increased against the US Dollar trading above 1.2510 levels.

Since this morning's session, this currency pair was trading downward but it changed direction in the European trading session. Currently, we see an upward momentum following worse than expected US Initial Jobless Claims data. In the UK, no data will be posted today. In the US, Goods Trade Balance figures (-101.30 Bln exp) will be released (13:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 27/12/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 27/12/2024

Support & Resistance Level Explanation
Resistance 2 1.2568 Daily R2
Resistance 1 1.2549 Daily R1
Support 1 1.2497 Daily S1
Support 2 1.2478 Daily S2

GBPUSD Indicator Table - 27/12/2024

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

GBPUSD Indicator / Period Table - 27/12/2024

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

GBPUSD 27/12/2024 - Reference Price : 1.2529

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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Pound - US Dollar Chart
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