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. 70.41% 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 16/05/2025

Fundamental analysis

16 May, 2025

During European trading, the British Pound fell against the US Dollar, trading below 1.3310 levels.
The GBP/USD currency pair fell in the European session, after gaining some ground in the previous session following better than expected GDP data out of the UK, creating positive upswing for the pound sterling. In the UK, no data is scheduled today. In the US, Building Permits for April (1.45.0 mln exp) will be posted (13:30 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 16/05/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 16/05/2025

Support & Resistance Level Explanation
Resistance 2 1.3374 Daily R2
Resistance 1 1.3339 Daily R1
Support 1 1.3247 Daily S1
Support 2 1.3212 Daily S2

GBPUSD Indicator Table - 16/05/2025

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

GBPUSD Indicator / Period Table - 16/05/2025

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

GBPUSD 16/05/2025 - Reference Price : 1.3288

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