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 07/05/2025

Fundamental analysis

07 May, 2025

During European trading, the British Pound lowered against the US Dollar, trading below 1.3400 levels.
The GBP/USD currency pair advanced as the dollar strengthened following positive news concerning trade talks between China and the US. In the UK, S&P Global Construction PMI data for April was released with data being better than expected (46.6 realised vs 46.0 expected). In the US, the Fed will meet to discuss its Interest Rate decision (exp 4.5% unchanged) at 19:00 GMT+1.

Technical analysis

Pound - US Dollar Analysis Technical analysis 07/05/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 07/05/2025

Support & Resistance Level Explanation
Resistance 2 1.3407 Daily R2
Resistance 1 1.3378 Daily R1
Support 1 1.3302 Daily S1
Support 2 1.3273 Daily S2

GBPUSD Indicator Table - 07/05/2025

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

GBPUSD Indicator / Period Table - 07/05/2025

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

GBPUSD 07/05/2025 - Reference Price : 1.3344

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Pound - US Dollar Chart
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