CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. 70.91% 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.
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Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 03/02/2025

Fundamental analysis

03 February, 2025

During European trading, the British Pound increased against the US Dollar, trading above 1.2300 levels.

The currency pair has been rising since this morning's session following better than expected economic data from the UK. In the UK, Manufacturing PMI figures for January were posted showing better than expected results (48.3 realised vs 48.2 expected). In the US, Manufacturing PMI figures for January (50.1 exp) will be posted (14:45 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 03/02/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 03/02/2025

Support & Resistance Level Explanation
Resistance 2 1.2360 Daily R2
Resistance 1 1.2337 Daily R1
Support 1 1.2277 Daily S1
Support 2 1.2254 Daily S2

GBPUSD Indicator Table - 03/02/2025

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

GBPUSD Indicator / Period Table - 03/02/2025

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

GBPUSD 03/02/2025 - Reference Price : 1.2300

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% 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. Fortrade Cyprus Ltd is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20. CFD products may not be suitable for all clients, therefore ensure, that you understand the risks involved and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

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