In Asian trading, the British Pound maintained stability against the US Dollar, hovering around the 1.2700 levels.

Today, there are no significant economic data releases anticipated from the United Kingdom. Similarly, the United States does not have any major economic announcements scheduled for the day.

Opportunity Insights:

For traders and investors, the stable performance of the British Pound against the US Dollar provides an opportunity to observe market movements and potential trading strategies.

While no major economic data is expected from either the UK or the US today, geopolitical developments and shifts in market sentiment could influence the GBP/USD exchange rate.

Traders may consider monitoring key economic indicators and news events for insights into future currency movements and potential profit opportunities.

Technical analysis

Pound - US Dollar Analysis Technical analysis 18/03/2024

Time Frame: 1 hour

GBPUSD Support & Resistance Table – 18/03/2024

Support & ResistanceLevelExplanation
Resistance 21.2775Daily R2
Resistance 11.2756Daily R1
Support 11.2708Daily S1
Support 21.2689Daily S2

GBPUSD Indicator Table – 18/03/2024

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

GBPUSD Indicator / Period Table – 18/03/2024

Indicator / PeriodDay – SellWeek – BuyMonth – Buy
MACD( 12;26;9)SellBuySell
RSI (14)BuyBuyNeutral
SMA 20SellBuyBuy

GBPUSD 18/03/2024 – Reference Price : 1.2733

SELLSimple Moving AverageBuy (1)Sell (2)Technical Indicators – OscillatorsBuy (2)Sell (1)

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