CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 29/04/2025

Fundamental analysis

29 April, 2025

During Asian trading, the British pound declined against the US Dollar trading below 1.3500 levels.

The GBP/USD currency pair edged lower after hitting its highest level since February 2022 yesterday after it was announced that the UK and EU are in talks to sign a free trade agreement. In the UK, Bank of England Member Ramsden will speak (10:40 GMT+1). In the US, CB Consumer Confidence for April (87.4 exp) and JOLTS Job Openings for March (7.480 mln exp) will be posted (15:00 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 29/04/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 29/04/2025

Support & Resistance Level Explanation
Resistance 2 1.3483 Daily R2
Resistance 1 1.3447 Daily R1
Support 1 1.3353 Daily S1
Support 2 1.3318 Daily S2

GBPUSD Indicator Table - 29/04/2025

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 - 29/04/2025

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

GBPUSD 29/04/2025 - Reference Price : 1.3400

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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