CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 29/07/2025

Fundamental analysis

29 July, 2025

During European trading, the British Pound fell against the US Dollar, trading below 1.3400 levels.
The GBP/USD currency declined to a two month low, although bounced back slightly in the European Session, but sterling remains under pressure as expectations build that the Bank of England will cut rates in the coming months. In the UK, Bank of England Consumer Credit for June was lower than expectations this morning. In the US, CB Consumer Confidence for July (95.9 expected) and JOLTS Job Openings for June (7.490 mln exp) will be released (15:00 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 29/07/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 29/07/2025

Support & Resistance Level Explanation
Resistance 2 1.3412 Daily R2
Resistance 1 1.3386 Daily R1
Support 1 1.3317 Daily S1
Support 2 1.3292 Daily S2

GBPUSD Indicator Table - 29/07/2025

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

GBPUSD Indicator / Period Table - 29/07/2025

Indicator / Period Day - SellWeek - SellMonth - Buy
MACD( 12;26;9) Sell SellBuy
RSI (14) Sell SellBuy
SMA 20 Sell SellNeutral

GBPUSD 29/07/2025 - Reference Price : 1.3352

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