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 24/06/2025

Fundamental analysis

24 June, 2025

During European trading, the British Pound rose against the US Dollar, trading above 1.3600 levels.
The GBP/USD currency traded higher in the European Session, trading near a three year high, as a ceasefire between Israel and Iran was proposed by US President Donald Trump, creating downward pressure for the US dollar. In the UK, Bank of England Governor Bailey will speak (15:00 GMT+1). In the US, CB Consumer Confidence for June (99.1 exp) and Fed Chair Powell will give testimony to Congress (15:00 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 24/06/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 24/06/2025

Support & Resistance Level Explanation
Resistance 2 1.3697 Daily R2
Resistance 1 1.3661 Daily R1
Support 1 1.3567 Daily S1
Support 2 1.3531 Daily S2

GBPUSD Indicator Table - 24/06/2025

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

GBPUSD Indicator / Period Table - 24/06/2025

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

GBPUSD 24/06/2025 - Reference Price : 1.3607

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