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 04/02/2026

Fundamental analysis

04 February, 2026

During Asian trading, the British pound increased against the US Dollar trading above 1.37000 levels.
The GBP/USD rose in the Asian session after US Congress passed a funding bill which ended the short-lived, partial shutdown as traders looked ahead to tomorrow’s Bank of England interest rate decision. In the UK S&P Global Services PMI for January (54.3 exp) will be released (09:30 GMT). In the US, S&P Global Services for January (52.5 exp) and ISM Non Manufacturing PMI for January (53.5) will be released at 14:45 and 15:00 GMT respectively.

Technical analysis

Pound - US Dollar Analysis Technical analysis 04/02/2026
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 04/02/2026

Support & Resistance Level Explanation
Resistance 2 1.3781 Daily R2
Resistance 1 1.3753 Daily R1
Support 1 1.3677 Daily S1
Support 2 1.3649 Daily S2

GBPUSD Indicator Table - 04/02/2026

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 - 04/02/2026

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

GBPUSD 04/02/2026 - Reference Price : 1.3715

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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