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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 24/07/2025

Fundamental analysis

24 July, 2025

During European trading, the British Pound edged lower against the US Dollar, trading below the 1.3600 levels.
The GBP/USD currency traded downward in the European Session, as worse than expected PMI data came out of the UK. In the UK, Services PMI came out with data being lower than expected (51.2 realised vs 52.8 expected), Manufacturing PMI came out with data higher than expected (48.2 realised vs 47.9 expected). In the US, Initial Jobless Claims data (227k exp) will be released (13:30 GMT+1), Manufacturing PMI (52.7 exp) and Services PMI (53.0 exp) data for July will be released (14:45 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 24/07/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 24/07/2025

Support & Resistance Level Explanation
Resistance 2 1.3594 Daily R2
Resistance 1 1.3571 Daily R1
Support 1 1.3509 Daily S1
Support 2 1.3486 Daily S2

GBPUSD Indicator Table - 24/07/2025

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 - 24/07/2025

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

GBPUSD 24/07/2025 - Reference Price : 1.3543

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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