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 17/03/2025

Fundamental analysis

17 March, 2025

During European trading, the British Pound increased against the US Dollar, trading above 1.2950 levels.

The GBP/USD currency climbed up the European trading session, as fears over future US growth under tariffs weighed on the dollar. In the UK House Price Index for March came out with data lower than the previous month (1.0% this month vs 1.4% previous month). In the US, Retail Sales data for February (0.7 exp) will be released (12:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 17/03/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 17/03/2025

Support & Resistance Level Explanation
Resistance 2 1.3020 Daily R2
Resistance 1 1.2998 Daily R1
Support 1 1.2942 Daily S1
Support 2 1.2920 Daily S2

GBPUSD Indicator Table - 17/03/2025

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

GBPUSD Indicator / Period Table - 17/03/2025

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuySell
RSI (14) Buy BuyNeutral
SMA 20 Buy BuyBuy

GBPUSD 17/03/2025 - Reference Price : 1.2972

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