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 17/06/2022

Fundamental analysis

17 June, 2022

The Pound dollar currency pair declined during the Asian session. The pair is trading at 1.2294. The Bank of England raised Interest Rates by 25bps, as expected. The United States printed The Philadelphia Fed Manufacturing Index for June at -3.3. The consensus was 5.5. Housing Starts for May printed 1.549m vs 1.701m expected. Building Permits for May came in at 1.695m vs 1.785m expected. Initial Jobless Claims came in at 229k. The consensus was 215k.

Technical analysis

Pound - US Dollar Analysis Technical analysis 17/06/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 17/06/2022

Support & Resistance Level Explanation
Resistance 2 1.2485 Daily R2
Resistance 1 1.2409 Daily R1
Support 1 1.2207 Daily S1
Support 2 1.2131 Daily S2

GBPUSD Indicator Table - 17/06/2022

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

GBPUSD Indicator / Period Table - 17/06/2022

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

GBPUSD 17/06/2022 - Reference Price : 1.2298

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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Pound - US Dollar Chart
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