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 31/12/2024

Fundamental analysis

31 December, 2024

During European trading, the British Pound decreased against the US Dollar trading below 1.2550 levels.

The pound retreated as investors anticipated a more dovish Bank of England in the upcoming 2025. In the UK, no data will be posted today. In the US, House Price Index data for October (0.5% exp) will be released (14:00 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 31/12/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 31/12/2024

Support & Resistance Level Explanation
Resistance 2 1.2576 Daily R2
Resistance 1 1.2558 Daily R1
Support 1 1.2512 Daily S1
Support 2 1.2494 Daily S2

GBPUSD Indicator Table - 31/12/2024

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

GBPUSD Indicator / Period Table - 31/12/2024

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

GBPUSD 31/12/2024 - Reference Price : 1.2547

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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