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. 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 04/02/2025

Fundamental analysis

04 February, 2025

During European trading, the British Pound increased against the US Dollar, trading above 1.2400 levels.

The currency pair has been rising since this morning's session following delays for the US tariffs against Mexico and Canada postponing an all out trade war. In the UK, no major data releases will be posted today. In the US, JOLTS Job Openings for December (8.01M exp) will be posted today (15:00 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 04/02/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 04/02/2025

Support & Resistance Level Explanation
Resistance 2 1.2492 Daily R2
Resistance 1 1.2463 Daily R1
Support 1 1.2385 Daily S1
Support 2 1.2356 Daily S2

GBPUSD Indicator Table - 04/02/2025

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

GBPUSD Indicator / Period Table - 04/02/2025

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

GBPUSD 04/02/2025 - Reference Price : 1.2418

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (0)Sell (2)
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Pound - US Dollar Chart
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