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 24/06/2025

Fundamental analysis

24 June, 2025

During Asian trading, the British pound increased against the US Dollar trading above 1.3500 levels.
The GBP/USD pair hit a one week peak during the Asian session as the safe haven greenback lost ground against its peers after expectations grew that the Fed could cut interest rates in July. In the UK, Bank of England Governor Bailey will speak (15:00 GMT+1). In the US, CB Consumer Confidence for June (99.1 exp) and Fed Chair Powell will give testimony to Congress (15:00 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 24/06/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 24/06/2025

Support & Resistance Level Explanation
Resistance 2 1.3649 Daily R2
Resistance 1 1.3613 Daily R1
Support 1 1.3518 Daily S1
Support 2 1.3483 Daily S2

GBPUSD Indicator Table - 24/06/2025

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

GBPUSD Indicator / Period Table - 24/06/2025

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

GBPUSD 24/06/2025 - Reference Price : 1.3566

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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Pound - US Dollar Chart
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