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 18/03/2025

Fundamental analysis

18 March, 2025

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

The GBP/USD currency pair retreated after gaining in yesterday’s session ahead of the Bank of England meeting which is expected to hold rates steady on Thursday. In the UK there is no major data set for release today. In the US, Year on Year Industrial Production data for February (2.0% last month) will be released (12:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 18/03/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 18/03/2025

Support & Resistance Level Explanation
Resistance 2 1.3018 Daily R2
Resistance 1 1.2997 Daily R1
Support 1 1.2942 Daily S1
Support 2 1.2922 Daily S2

GBPUSD Indicator Table - 18/03/2025

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 - 18/03/2025

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

GBPUSD 18/03/2025 - Reference Price : 1.2970

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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