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 17/04/2025

Fundamental analysis

17 April, 2025

During European trading, the British Pound decreased against the US Dollar, trading below 1.3250 levels.

The GBP/USD currency lost ground in the European trading session, following lower than expected inflation data from the UK, pointing to more rate cuts by the Bank of England in the near future. In the UK, the Bank of England Credit Conditions Survey was released. In the US, Philadelphia Fed Manufacturing Index data for April (2.8% exp) will be released and Initial Jobless Claims (225 k exp) at 13:30 GMT+1.

Technical analysis

Pound - US Dollar Analysis Technical analysis 17/04/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 17/04/2025

Support & Resistance Level Explanation
Resistance 2 1.3327 Daily R2
Resistance 1 1.3290 Daily R1
Support 1 1.3190 Daily S1
Support 2 1.3153 Daily S2

GBPUSD Indicator Table - 17/04/2025

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 - 17/04/2025

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

GBPUSD 17/04/2025 - Reference Price : 1.3242

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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