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

EU Session Analysis for CFD Instruments 03/01/2025

Fundamental analysis

03 January, 2025

During Asian trading, the British pound climbed against the US Dollar trading above 1.2300 levels.

The pound is pushing higher this morning after the currency pair recorded an eight month low in yesterday’s session as traders assess likely central bank monetary policy this year. In the UK Bank of England Consumer Credit for November (1.200 bln exp) will be posted (09:30 GMT). In the US, ISM Manufacturing PMI for December (48.3 exp) and ISM Manufacturing Prices for December (52.0 exp) will be released (13:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 03/01/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 03/01/2025

Support & Resistance Level Explanation
Resistance 2 1.2459 Daily R2
Resistance 1 1.2433 Daily R1
Support 1 1.2362 Daily S1
Support 2 1.2336 Daily S2

GBPUSD Indicator Table - 03/01/2025

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 - 03/01/2025

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

GBPUSD 03/01/2025 - Reference Price : 1.2397

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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