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 06/03/2025

Fundamental analysis

06 March, 2025

During Asian trading, the British pound rose against the US Dollar trading above 1.2800 levels.

The GBP/USD currency pair continued rising into a fourth successive day after softer US employment data weakened the Greenback against most of its rivals. In the UK, S&P Global Construction PMI for February (49.5 exp) will be released (09:30 GMT). In the US, Initial Jobless Claims (234,000 exp) will be posted (13:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 06/03/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 06/03/2025

Support & Resistance Level Explanation
Resistance 2 1.2977 Daily R2
Resistance 1 1.2944 Daily R1
Support 1 1.2855 Daily S1
Support 2 1.2821 Daily S2

GBPUSD Indicator Table - 06/03/2025

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 - 06/03/2025

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

GBPUSD 06/03/2025 - Reference Price : 1.2899

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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