CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 70.88% 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 29/01/2026

Fundamental analysis

29 January, 2026

During European trading, the British pound decreased against the US Dollar trading below 1.38000 levels.
The pair retreated in the European session as the FED Chair Jerome Powell pointed to fewer interest rate cuts in 2026, supporting the US dollar. In the UK there will be no data releases today. In the US, Initial Jobless Claims data (206k last week) will be posted (13:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 29/01/2026
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 29/01/2026

Support & Resistance Level Explanation
Resistance 2 1.3902 Daily R2
Resistance 1 1.3864 Daily R1
Support 1 1.3764 Daily S1
Support 2 1.3726 Daily S2

GBPUSD Indicator Table - 29/01/2026

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 - 29/01/2026

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

GBPUSD 29/01/2026 - Reference Price : 1.3815

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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