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 06/05/2025

Fundamental analysis

06 May, 2025

During European trading, the British Pound climbed against the US Dollar, trading above 1.3300 levels.
The GBP/USD currency pair advanced as the dollar weakened against most of its rivals ahead of the FED meeting tomorrow and as better than expected PMI data came out of the UK. In the UK, S&P Global Services PMI data for April came out with data better than expected (48.5 realised vs 48.2 expected). In the US, Imports (401.10 bln exp) and Exports (278.5 bln exp) for March will be released (13:30 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 06/05/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 06/05/2025

Support & Resistance Level Explanation
Resistance 2 1.3370 Daily R2
Resistance 1 1.3347 Daily R1
Support 1 1.3283 Daily S1
Support 2 1.3260 Daily S2

GBPUSD Indicator Table - 06/05/2025

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 - 06/05/2025

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

GBPUSD 06/05/2025 - Reference Price : 1.3322

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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