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 16/03/2026

Fundamental analysis

16 March, 2026

During Asian trading, the British pound inched lower against the US Dollar trading below 1.3300 levels.
The GBP/USD consolidated in the Asian session, remaining close to three month lows ahead of the Bank of England interest rate decision which is now expected to remain unchanged. In the UK, there are no major data releases today. In the US, NY Empire State Manufacturing Index data for March (7.10 last month) will be posted (12:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 16/03/2026
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 16/03/2026

Support & Resistance Level Explanation
Resistance 2 1.3324 Daily R2
Resistance 1 1.3291 Daily R1
Support 1 1.3203 Daily S1
Support 2 1.3170 Daily S2

GBPUSD Indicator Table - 16/03/2026

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

GBPUSD Indicator / Period Table - 16/03/2026

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell SellBuy
RSI (14) Sell SellSell
SMA 20 Sell SellSell

GBPUSD 16/03/2026 - Reference Price : 1.3247

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