In today’s Asian trading session, the British Pound experienced a slight uptick against the US Dollar, with rates surpassing the 1.2500 threshold. As the financial markets navigate through the trading day, no significant economic announcements are expected from the United Kingdom. However, all eyes are on the United States as the Consumer Price Index (CPI) data is scheduled for release. This data is crucial as it provides insights into inflation trends, potentially influencing future monetary policy decisions by the Federal Reserve.

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Technical analysis

Pound - US Dollar Analysis Technical analysis 15/05/2024

Time Frame: 1 hour

GBPUSD Support & Resistance Table – 15/05/2024

Support & ResistanceLevelExplanation
Resistance 21.2633Daily R2
Resistance 11.2617Daily R1
Support 11.2571Daily S1
Support 21.2555Daily S2

GBPUSD Indicator Table – 15/05/2024

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

GBPUSD Indicator / Period Table – 15/05/2024

Indicator / PeriodDay – BuyWeek – SellMonth – Sell
MACD( 12;26;9)BuySellSell
RSI (14)BuyNeutralNeutral
SMA 20BuySellSell

GBPUSD 15/05/2024 – Reference Price : 1.2596

BUYSimple Moving AverageBuy (3)Sell (0)Technical Indicators – OscillatorsBuy (3)Sell (0)

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