Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 31/01/2025

Fundamental analysis

31 January, 2025

During European trading, the British Pound decreased against the US Dollar, trading below 1.2420 levels.

The currency pair is experiencing downward pressures following increasing odds that the Bank of England will lower interest rates in their meeting next week . In the UK, Year on Year Nationwide HPI for January was posted showing lower than expected results (4.1% realised vs 4.3% expected). In the US, Core PCE Price Index figures for December (2.8% exp) will be posted (13:30 GMT).

Technical analysis

Time Frame: 1 hour

GBPUSD Support & Resistance Table - 31/01/2025

Support & Resistance	Level	Explanation
Resistance 2	1.2475	Daily R2
Resistance 1	1.2449	Daily R1
Support 1	1.2379	Daily S1
Support 2	1.2352	Daily S2

GBPUSD Indicator Table - 31/01/2025

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

GBPUSD Indicator / Period Table - 31/01/2025

Indicator / Period	Day - Sell	Week - Sell	Month - Sell
MACD( 12;26;9)	Buy	Sell	Sell
RSI (14)	Sell	Sell	Sell
SMA 20	Sell	Sell	Sell

GBPUSD 31/01/2025 - Reference Price : 1.2418

Sell

Simple Moving Average	Buy (2)	Sell (1)
Technical Indicators - Oscillators	Buy (2)	Sell (1)

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