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 05/05/2025

Fundamental analysis

05 May, 2025

During European trading, the British Pound climbed against the US Dollar, trading above 1.3200 levels.
The GBP/USD currency pair increased as the dollar weakened against most of its rivals with markets expectations that the Fed will cut rates at least 3 times this year, despite higher than expected NFP data on Friday In the UK, Nationwide HPI for April was released with data being lower than expected (3.4% realised vs 4.1% expected). In the UK, there are no data releases due to a national holiday. In the US, S&P Global Services PMI for April (51.2 expected) will be released (14:45 GMT+1) and ISM Non-Manufacturing PMI for April (50.8 exp) will be posted (15:00 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 05/05/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 05/05/2025

Support & Resistance Level Explanation
Resistance 2 1.3366 Daily R2
Resistance 1 1.3337 Daily R1
Support 1 1.3259 Daily S1
Support 2 1.3230 Daily S2

GBPUSD Indicator Table - 05/05/2025

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

GBPUSD Indicator / Period Table - 05/05/2025

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

GBPUSD 05/05/2025 - Reference Price : 1.3294

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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Pound - US Dollar Chart
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