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 08/05/2025

Fundamental analysis

08 May, 2025

During Asian trading, the British pound climbed against the US Dollar trading above 1.3300 levels.
The GBP/USD currency pair firmed amid speculation that the Trump administration may announce a trade agreement with the United Kingdom. as the pair continues to find some traction on reports that the US and UK may negotiate a trade deal. In the UK, the Bank of England Governor Bailey will speak (14:15 GMT+1). In the US, Initial Jobless Claims data (231k exp) will be released (13:30 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 08/05/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 08/05/2025

Support & Resistance Level Explanation
Resistance 2 1.3377 Daily R2
Resistance 1 1.3349 Daily R1
Support 1 1.3274 Daily S1
Support 2 1.3246 Daily S2

GBPUSD Indicator Table - 08/05/2025

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

GBPUSD Indicator / Period Table - 08/05/2025

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

GBPUSD 08/05/2025 - Reference Price : 1.3320

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