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 24/02/2025

Fundamental analysis

24 February, 2025

During Asian trading, the British pound was inched higher against the US Dollar trading above 1.2600 levels.

The GBP/USD currency began the week on a positive note with the greenback dropping to its lowest level so far this year in the early Asian session. In the UK, Month on Month Retail Sales data for January (0.4%) will be released (07:00 GMT). In the US, Chicago Fed National Activity for January (0.15 last month) will be released (13:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 24/02/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 24/02/2025

Support & Resistance Level Explanation
Resistance 2 1.2705 Daily R2
Resistance 1 1.2685 Daily R1
Support 1 1.2631 Daily S1
Support 2 1.2611 Daily S2

GBPUSD Indicator Table - 24/02/2025

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

GBPUSD Indicator / Period Table - 24/02/2025

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

GBPUSD 24/02/2025 - Reference Price : 1.2658

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