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 27/11/2024

Fundamental analysis

27 November, 2024

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

The GBP/USD fell slightly after cautious Fed meeting minutes were released in yesterday’s session. In the UK, no data releases are scheduled today. In the United States, Q3 GDP figures (2.8% expected), Durable Goods orders for October (-0.8% exp) and Initial Jobless Claims data (220k exp) will be released (13:30 GMT). US PCE Price Index for October (2.7% last month) will be posted (15:00 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 27/11/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 27/11/2024

Support & Resistance Level Explanation
Resistance 2 1.2633 Daily R2
Resistance 1 1.2605 Daily R1
Support 1 1.2531 Daily S1
Support 2 1.2503 Daily S2

GBPUSD Indicator Table - 27/11/2024

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

GBPUSD Indicator / Period Table - 27/11/2024

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

GBPUSD 27/11/2024 - Reference Price : 1.2568

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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Pound - US Dollar Chart
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