CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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. 75% 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

EU Session Analysis for CFD Instruments 22/10/2024

Fundamental analysis

22 October, 2024

During Asian trading, the British Pound edged lower against the US Dollar trading just above 1.3000 levels.

The GBP/USD pair remained under pressure on Tuesday during the Asian session as firm greenback continued to dominate the currency markets. In the UK, Bank of England Governor Bailey will speak (14:25 GMT+1). In the United States, Fed Member Harker will speak (15:00 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 22/10/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 22/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3051 Daily R2
Resistance 1 1.3030 Daily R1
Support 1 1.2973 Daily S1
Support 2 1.2952 Daily S2

GBPUSD Indicator Table - 22/10/2024

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

GBPUSD Indicator / Period Table - 22/10/2024

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

GBPUSD 22/10/2024 - Reference Price : 1.3002

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