CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 70.88% 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 23/01/2026

Fundamental analysis

23 January, 2026

During Asian trading, the British pound declined against the US Dollar trading below 1.35000 levels.
The GBP/USD traded lower in the Asian session ahead of important UK data which will factor into the future rate cutting path of the Bank of England this year. In the UK, Retail Sales data for December (1.0% expected) will be released (07:00 GMT). In the US, S&P Global Services for January (52.9 exp) and S&P Global Manufacturing data for January (51.9 exp) will be released (14:45 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 23/01/2026
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 23/01/2026

Support & Resistance Level Explanation
Resistance 2 1.3540 Daily R2
Resistance 1 1.3519 Daily R1
Support 1 1.3464 Daily S1
Support 2 1.3443 Daily S2

GBPUSD Indicator Table - 23/01/2026

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 - 23/01/2026

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

GBPUSD 23/01/2026 - Reference Price : 1.3492

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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