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 16/05/2025

Fundamental analysis

16 May, 2025

During Asian trading, the British pound advanced against the US Dollar trading above 1.3200 levels.
The GBP/USD currency pair attracted some buyers after better than expected UK GDP data yesterday showed that its economy is more robust than previously thought. In the UK, no data is scheduled today. In the US, Building Permits for April (1.45.0 mln exp) will be posted (13:30 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 16/05/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 16/05/2025

Support & Resistance Level Explanation
Resistance 2 1.3406 Daily R2
Resistance 1 1.3371 Daily R1
Support 1 1.3278 Daily S1
Support 2 1.3244 Daily S2

GBPUSD Indicator Table - 16/05/2025

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

GBPUSD Indicator / Period Table - 16/05/2025

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

GBPUSD 16/05/2025 - Reference Price : 1.3319

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