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. 73.43% 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 22/01/2025

Fundamental analysis

22 January, 2025

During European trading, the British Pound increased against the US Dollar, trading above 1.2350 levels.

The currency pair has been gaining ground on a weakening dollar and despite the fact that the UK government ran a higher than expected budget deficit in December. In the UK, Public Sector Net Borrowing for December was posted showing higher than expected results (14.2 expected vs 17.81 realised). In the US, Leading Index data for December (-0.1% expected) will be posted (15:00 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 22/01/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 22/01/2025

Support & Resistance Level Explanation
Resistance 2 1.2431 Daily R2
Resistance 1 1.2394 Daily R1
Support 1 1.2294 Daily S1
Support 2 1.2257 Daily S2

GBPUSD Indicator Table - 22/01/2025

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 - 22/01/2025

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

GBPUSD 22/01/2025 - Reference Price : 1.2344

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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