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 21/01/2025

Fundamental analysis

21 January, 2025

During Asian trading, the British pound traded lower against the US Dollar trading above 1.2200 levels.
The currency pair lost ground in the Asian session, despite gaining around 1% in the previous session as the greenback weakened yesterday upon initial relief that the new administration’s tariffs may not be as harsh as previously thought. In the UK, the Unemployment Rate for November (4.3% exp) will be posted (07:00 GMT). In the US, there are no major data releases today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 21/01/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 21/01/2025

Support & Resistance Level Explanation
Resistance 2 1.2348 Daily R2
Resistance 1 1.2312 Daily R1
Support 1 1.2216 Daily S1
Support 2 1.2180 Daily S2

GBPUSD Indicator Table - 21/01/2025

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

GBPUSD Indicator / Period Table - 21/01/2025

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

GBPUSD 21/01/2025 - Reference Price : 1.2264

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