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 02/07/2025

Fundamental analysis

02 July, 2025

During Asian trading, the British pound inched lower against the US Dollar trading below 1.3800 levels.
The GBP/USD pair was flat in the Asian session after yesterday’s dovish remarks from Fed Chair Powell suggesting that an interest rate cut this month cannot be ruled out. In the UK, there are no data releases today. In the US, Nonfarm Employment Change for June (105k expected) will be posted (13.15 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 02/07/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 02/07/2025

Support & Resistance Level Explanation
Resistance 2 1.3793 Daily R2
Resistance 1 1.3769 Daily R1
Support 1 1.3702 Daily S1
Support 2 1.3677 Daily S2

GBPUSD Indicator Table - 02/07/2025

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

GBPUSD Indicator / Period Table - 02/07/2025

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

GBPUSD 02/07/2025 - Reference Price : 1.3735

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