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 13/12/2024

Fundamental analysis

13 December, 2024

During Asian trading, the British Pound decreased slightly against the US Dollar trading below 1.2660 levels.

In the last couple of days the currency pair experienced a steady fall despite the fact that higher than expected producer price inflation came out of the US. In the UK, GDP data (-0.1% exp) will be released (08:00 GMT). In the US, Export and Import price indices data will be released (13:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 13/12/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 13/12/2024

Support & Resistance Level Explanation
Resistance 2 1.2711 Daily R2
Resistance 1 1.2686 Daily R1
Support 1 1.2619 Daily S1
Support 2 1.2594 Daily S2

GBPUSD Indicator Table - 13/12/2024

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 - 13/12/2024

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

GBPUSD 13/12/2024 - Reference Price : 1.2653

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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