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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 17/03/2025

Fundamental analysis

17 March, 2025

During Asian trading, the British edged upwards against the US Dollar trading above 1.2900 levels.

The GBP/USD currency pair consolidated in this morning’s session amid worries that President Trump’s tariffs and retaliation measures from other countries could negatively impact the US economy. In the UK House Price Index for March (1.4% last month) and Manufacturing Production (0.0% exp) will be posted (07:00 GMT). In the US, Retail Sales data for February (0.7 exp) will be released (12:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 17/03/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 17/03/2025

Support & Resistance Level Explanation
Resistance 2 1.2984 Daily R2
Resistance 1 1.2963 Daily R1
Support 1 1.2906 Daily S1
Support 2 1.2885 Daily S2

GBPUSD Indicator Table - 17/03/2025

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

GBPUSD Indicator / Period Table - 17/03/2025

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

GBPUSD 17/03/2025 - Reference Price : 1.2934

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