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 08/01/2025

Fundamental analysis

08 January, 2025

During Asian trading, the British pound increased slightly against the US Dollar trading above 1.2480 levels.

Since yesterday, the currency pair has traded in a band with markets waiting for important jobs data from the US to be published. In the UK Bank of England Deputy Gov Woods will speak (10:05 GMT). In the US, ADP Nonfarm Employment for December (136k exp) and Initial Jobless Claims (214k exp) will be released (13:30 GMT).

Technical analysis

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

GBPUSD Support & Resistance Table - 08/01/2025

Support & Resistance Level Explanation
Resistance 2 1.2554 Daily R2
Resistance 1 1.2526 Daily R1
Support 1 1.2448 Daily S1
Support 2 1.2420 Daily S2

GBPUSD Indicator Table - 08/01/2025

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

GBPUSD Indicator / Period Table - 08/01/2025

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

GBPUSD 08/01/2025 - Reference Price : 1.2492

Buy
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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Pound - US Dollar Chart
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