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 29/05/2025

Fundamental analysis

29 May, 2025

During Asian trading, the British pound retreated against the US Dollar trading below 1.3500 levels.
The GBP/USD currency pair continued to decline after the Fed published its meeting minutes indicating that economic uncertainty justified a cautious approach to interest rate cuts. In the UK, Bank of England Governor Bailey will speak (20:00 GMT+1). In the US, Q1 GDP data (-0.3% expected) and Initial Jobless Claims (229k exp) will be posted (13:30 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 29/05/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 29/05/2025

Support & Resistance Level Explanation
Resistance 2 1.3491 Daily R2
Resistance 1 1.3465 Daily R1
Support 1 1.3397 Daily S1
Support 2 1.3371 Daily S2

GBPUSD Indicator Table - 29/05/2025

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

GBPUSD Indicator / Period Table - 29/05/2025

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

GBPUSD 29/05/2025 - Reference Price : 1.3430

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Pound - US Dollar Chart
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