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. 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 22/11/2024

Fundamental analysis

22 November, 2024

During Asian trading, the British Pound fell lower against the US Dollar trading below 1.2600 levels.

The GBP/USD pair traded lower following a stronger demand for the dollar. In the UK, Core Retail Sales data will be published at (08:00 GMT) expecting a growth of 3.3% and the Manufacturing PMI at (09:30 GMT) expecting a result of 50.1. In the United States, the US Services PMI will be published at (14:45 GMT) expecting a level of 55.0.

Technical analysis

Pound - US Dollar Analysis Technical analysis 22/11/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 22/11/2024

Support & Resistance Level Explanation
Resistance 2 1.2627 Daily R2
Resistance 1 1.2602 Daily R1
Support 1 1.2535 Daily S1
Support 2 1.2509 Daily S2

GBPUSD Indicator Table - 22/11/2024

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 - 22/11/2024

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

GBPUSD 22/11/2024 - Reference Price : 1.2565

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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