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 13/03/2025

Fundamental analysis

13 March, 2025

During Asian trading, the British pound edged lower against the US Dollar trading below 1.3000 levels.

The GBP/USD currency pair declined from Tuesday’s fresh four month high as the greenback traded higher against most of its rivals, despite UK PM Starmer expressing optimism yesterday that the country may avoid US tariffs on steel and aluminium amid ongoing trade talks with the US. In the UK there is no major scheduled data today. In the US, Initial Jobless Claims (226k exp) and Year on Year PPI Inflation data for February (3.3% exp) will be released (12:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 13/03/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 13/03/2025

Support & Resistance Level Explanation
Resistance 2 1.3002 Daily R2
Resistance 1 1.2979 Daily R1
Support 1 1.2918 Daily S1
Support 2 1.2895 Daily S2

GBPUSD Indicator Table - 13/03/2025

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 - 13/03/2025

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

GBPUSD 13/03/2025 - Reference Price : 1.2949

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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