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 07/02/2025

Fundamental analysis

07 February, 2025

During European trading, the British Pound decreased against the US Dollar, trading below 1.2500 levels.
The currency pair has been falling since this morning's session following the BoE interest rate cut and gloomy projections of stagflation in the UK. In the UK the Halifax House Price Index has been published with house prices rising higher than anticipated (0.7% realised vs 0.4% expected). In the US, Nonfarm Payrolls (169K exp) and Unemployment rate data (4.1% exp) will be posted today (13:30 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 07/02/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 07/02/2025

Support & Resistance Level Explanation
Resistance 2 1.2541 Daily R2
Resistance 1 1.2500 Daily R1
Support 1 1.2400 Daily S1
Support 2 1.2361 Daily S2

GBPUSD Indicator Table - 07/02/2025

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

GBPUSD Indicator / Period Table - 07/02/2025

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

GBPUSD 07/02/2025 - Reference Price : 1.2451

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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Pound - US Dollar Chart
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