CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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. 73.43% 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

US Session Analysis for CFD Instruments 28/01/2025

Fundamental analysis

28 January, 2025

During European trading, the British Pound decreased against the US Dollar, trading below 1.2500 levels.
The currency pair has been trending lower ahead of the Bank of England’s next meeting in early February in which new rate cuts are expected. In the UK, there are no major data releases today. In the US, Core Durable Goods Orders for December (0.1% expected) will be posted (13:30 GMT) and CB Consumer Confidence for January (105.9 exp) will be posted (15:00 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 28/01/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 28/01/2025

Support & Resistance Level Explanation
Resistance 2 1.2511 Daily R2
Resistance 1 1.2480 Daily R1
Support 1 1.2394 Daily S1
Support 2 1.2363 Daily S2

GBPUSD Indicator Table - 28/01/2025

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

GBPUSD Indicator / Period Table - 28/01/2025

Indicator / Period Day - BuyWeek - SellMonth - Sell
MACD( 12;26;9) Buy SellSell
RSI (14) Neutral SellSell
SMA 20 Buy SellSell

GBPUSD 28/01/2025 - Reference Price : 1.2436

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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Pound - US Dollar Chart
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