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 04/06/2025

Fundamental analysis

04 June, 2025

During European trading, the British Pound inched higher against the US Dollar, trading above 1.3500 levels.
The GBP/USD currency grew slightly after UK Composite and Services data for May came in above expectations, reducing the chances of a Bank of England rate cut in the immediate future. In the US, ADP Nonfarm Employment data for May (111k exp) will be posted (13:15 GMT+1), US S&P Global Services PMI for May (52.3 exp) will be released (14:45 GMT+1) and ISM Non-Manufacturing PMI for May (52.1 exp) will be released (15:00 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 04/06/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 04/06/2025

Support & Resistance Level Explanation
Resistance 2 1.3588 Daily R2
Resistance 1 1.3563 Daily R1
Support 1 1.3497 Daily S1
Support 2 1.3472 Daily S2

GBPUSD Indicator Table - 04/06/2025

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

GBPUSD Indicator / Period Table - 04/06/2025

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

GBPUSD 04/06/2025 - Reference Price : 1.3530

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