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. 73.43% 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 20/01/2025

Fundamental analysis

20 January, 2025

During Asian trading, the British climbed against the US Dollar trading above 1.2200 levels.
The currency pair started the week on a positive note despite expectations that a more protectionist policy from the incoming Trump presidency may cause inflation reducing the possibility of Fed rate cuts this year. In the UK Retail Sales for December (4.2% exp) will be posted (07:00 GMT). In the US, there are no data releases today due to the fact that it's a public holiday.

Technical analysis

Pound - US Dollar Analysis Technical analysis 20/01/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 20/01/2025

Support & Resistance Level Explanation
Resistance 2 1.2284 Daily R2
Resistance 1 1.2250 Daily R1
Support 1 1.2158 Daily S1
Support 2 1.2124 Daily S2

GBPUSD Indicator Table - 20/01/2025

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

GBPUSD Indicator / Period Table - 20/01/2025

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

GBPUSD 20/01/2025 - Reference Price : 1.2204

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