In today’s Asian trading session, the British Pound experienced a slight increase, positioning itself above the 1.2500 threshold against the US Dollar. This movement occurs on a quiet day for economic announcements, with no major data expected from either the UK or the US. During such times, investors often turn to sophisticated tools to guide their trading decisions. Notably, users leveraging cutting-edge AI technology have reported exceptional outcomes, including a remarkable 34% return on investment over the past 24 hours by accurately forecasting market movements on autopilot. Discover more about this AI technology.
Technical analysis
Time Frame: 1 hour
GBPUSD Support & Resistance Table – 13/05/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 1.2570 | Daily R2 |
| Resistance 1 | 1.2553 | Daily R1 |
| Support 1 | 1.2507 | Daily S1 |
| Support 2 | 1.2490 | Daily S2 |
GBPUSD Indicator Table – 13/05/2024
| Indicator | Signal |
| SMA 20 | Buy |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Neutral |
| RSI (14) | Neutral |
| Stochastic ( 9;6;3) | Buy |
GBPUSD Indicator / Period Table – 13/05/2024
| Indicator / Period | Day – Buy | Week – Sell | Month – Sell |
| MACD( 12;26;9) | Neutral | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| SMA 20 | Buy | Buy | Sell |
GBPUSD 13/05/2024 – Reference Price : 1.2528
| BUY | Simple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (1)Sell (0) |
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