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 05/02/2025

Fundamental analysis

05 February, 2025

During European trading, the British Pound increased against the US Dollar, trading above 1.2500 levels.
The currency pair has been rising since this morning's session ahead of tomorrow’s Bank of England policy rate meeting. In the UK, Services PMI data for January was posted today showing worse than expected data (50.8 realised vs 51.2 expected). In the US, ADP Nonfarm Employment Change data for January (148K exp) will be posted today (13:15 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 05/02/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 05/02/2025

Support & Resistance Level Explanation
Resistance 2 1.2614 Daily R2
Resistance 1 1.2582 Daily R1
Support 1 1.2494 Daily S1
Support 2 1.2462 Daily S2

GBPUSD Indicator Table - 05/02/2025

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

GBPUSD Indicator / Period Table - 05/02/2025

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

GBPUSD 05/02/2025 - Reference Price : 1.2538

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
Share It With Your Network
Pound - US Dollar Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now