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 06/05/2025

Fundamental analysis

06 May, 2025

During Asian trading, the British pound rose against the US Dollar trading above 1.3200 levels.
The GBP/USD currency pair advanced despite the fact that the Bank of England is expected to cut interest rates this week, while the Fed is likely to stand pat. In the UK, S&P Global Services PMI data for April (48.9 exp) will be posted (09:30 GMT+1). In the US, Imports (401.10 bln exp) and Exports (278.5 bln exp) for March will be released (13:30 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 06/05/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 06/05/2025

Support & Resistance Level Explanation
Resistance 2 1.3341 Daily R2
Resistance 1 1.3318 Daily R1
Support 1 1.3254 Daily S1
Support 2 1.3231 Daily S2

GBPUSD Indicator Table - 06/05/2025

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

GBPUSD Indicator / Period Table - 06/05/2025

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

GBPUSD 06/05/2025 - Reference Price : 1.3288

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