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

EU Session Analysis for CFD Instruments 24/01/2022

Fundamental analysis

24 January, 2022

The British Pound USD currency pair edged lower to 1.3546 during the Asian session. The Pound slid lower on Friday. Retail Sales for December fell in the UK 0.9%, Year-over-Year, and dropped 3.7%, Month-over-Month. In the United States, the Leading Index for December printed at 0.8%, as expected.

Technical analysis

Pound - US Dollar Analysis Technical analysis 24/01/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 24/01/2022

Support & Resistance Level Explanation
Resistance 2 1.3586 Daily R2
Resistance 1 1.3566 Daily R1
Support 1 1.3513 Daily S1
Support 2 1.3493 Daily S2

GBPUSD Indicator Table - 24/01/2022

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

GBPUSD Indicator / Period Table - 24/01/2022

Indicator / Period Day - SellWeek - BuyMonth - Buy
MACD( 12;26;9) Sell SellBuy
RSI (14) Sell NeutralNeutral
SMA 20 Sell BuyBuy

GBPUSD 24/01/2022 - Reference Price : 1.3539

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (2)
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Pound - US Dollar Chart
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