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. 70.41% 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

EU Session Analysis for CFD Instruments 01/08/2025

Fundamental analysis

01 August, 2025

During Asian trading, the British pound edged lower against the US Dollar trading below 1.3200 levels.
The GBP/USD pair extended its falls largely due to rising expectations that the Bank of England may cut interest rates next week. In the UK, Manufacturing PMI data for July (48.2 exp) will be posted (09:30 GMT+1). In the US, NFP (106,000 expected) and Unemployment Rate data for July (4.2% expected) will be released (13:30 GMT+1) and ISM Manufacturing PMI data for July (49.5 exp) will be released (15:00 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 01/08/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 01/08/2025

Support & Resistance Level Explanation
Resistance 2 1.3268 Daily R2
Resistance 1 1.3237 Daily R1
Support 1 1.3156 Daily S1
Support 2 1.3125 Daily S2

GBPUSD Indicator Table - 01/08/2025

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 - 01/08/2025

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

GBPUSD 01/08/2025 - Reference Price : 1.3197

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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