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. 70.41% 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 24/07/2025

Fundamental analysis

24 July, 2025

During Asian trading, the British pound edged higher against the US Dollar trading above 1.3500 levels.
The GBP/USD pair climbed to a fresh more than ten day high after risk sentiment improved following the US administration’s announcement of a trade deal with Japan. In the UK, Services PMI (52.8 exp), Manufacturing PMI (48.1 exp) for July will be released (09:30 GMT+1). In the US, Initial Jobless Claims data (227k exp) will be released (13:30 GMT+1), Manufacturing PMI (52.7 exp) and Services PMI (53.0 exp) data for July will be released (14:45 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 24/07/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 24/07/2025

Support & Resistance Level Explanation
Resistance 2 1.3632 Daily R2
Resistance 1 1.3609 Daily R1
Support 1 1.3547 Daily S1
Support 2 1.3524 Daily S2

GBPUSD Indicator Table - 24/07/2025

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 - 24/07/2025

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

GBPUSD 24/07/2025 - Reference Price : 1.3578

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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