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 05/03/2025

Fundamental analysis

05 March, 2025

During Asian trading, the British pound increased against the US Dollar trading above 1.2700 levels.

The GBP/USD currency pair showed gains on Wednesday morning, rising to a three month peak, while Bank of England Governor stated that UK inflation appeared to be under control. In the UK, S&P Global Services PMI for February (51.1 exp) will be released (09:30 GMT). In the US, ADP Nonfarm Employment Change for February (144,000 exp), S&P Global Services PMI for February (49.7 exp) and ISM Non-Manufacturing PMI for February data (53.0 exp) will be posted at 13:15 GMT and 15:00 GMT respectively.

Technical analysis

Pound - US Dollar Analysis Technical analysis 05/03/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 05/03/2025

Support & Resistance Level Explanation
Resistance 2 1.2858 Daily R2
Resistance 1 1.2827 Daily R1
Support 1 1.2747 Daily S1
Support 2 1.2716 Daily S2

GBPUSD Indicator Table - 05/03/2025

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 - 05/03/2025

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

GBPUSD 05/03/2025 - Reference Price : 1.2787

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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