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 20/12/2024

Fundamental analysis

20 December, 2024

During Asian trading, the British fell against the US Dollar trading below 1.2500 levels.

The pair sank during the Asian session to a seven month low after the Bank of England’s decision to hold interest rates at 4.75% and ahead of important US inflation linked data today. In the UK, Retail Sales for November (0.8% exp) will be posted (07:00 GMT). In the US, Core PCE Price Index for November (2.9% exp) will be released (13:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 20/12/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 20/12/2024

Support & Resistance Level Explanation
Resistance 2 1.2572 Daily R2
Resistance 1 1.2540 Daily R1
Support 1 1.2453 Daily S1
Support 2 1.2420 Daily S2

GBPUSD Indicator Table - 20/12/2024

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 - 20/12/2024

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

GBPUSD 20/12/2024 - Reference Price : 1.2496

Sell
Simple Moving AverageBuy (0)Sell (2)
Technical Indicators - OscillatorsBuy (0)Sell (2)
Share It With Your Network
Pound - US Dollar Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now