CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.91% 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 all your money. Read full risk warning.

Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 03/01/2025

Fundamental analysis

03 January, 2025

During European trading, the British Pound decreased against the US Dollar trading below 1.2400 levels.

The pound is nearing its eight month low following a strong growth perspective for the US and increased safe haven demand for the dollar. In the UK Bank of England Consumer Credit for November was posted with results underperforming (0.878 B vs 1.200B expected). In the US, ISM Manufacturing PMI for December (48.3 exp) and ISM Manufacturing Prices for December (52.0 exp) will be released (13:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 03/01/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 03/01/2025

Support & Resistance Level Explanation
Resistance 2 1.2453 Daily R2
Resistance 1 1.2426 Daily R1
Support 1 1.2356 Daily S1
Support 2 1.2329 Daily S2

GBPUSD Indicator Table - 03/01/2025

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

GBPUSD Indicator / Period Table - 03/01/2025

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

GBPUSD 03/01/2025 - Reference Price : 1.2397

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