Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 24/02/2025

Fundamental analysis

24 February, 2025

During European trading, the British Pound decreased against the US Dollar, trading below 1.2640 levels.

The GBP/USD currency retreated in the European session following profit taking after good consumer spending data coming out of the UK boosted the pair. In the UK, BoE MPC Member Dhringa will speak (18:00 GMT). In the US, Chicago Fed National Activity for January (0.15 last month) will be released (13:30 GMT).

Technical analysis

Time Frame: 1 hour

GBPUSD Support & Resistance Table - 24/02/2025

Support & Resistance	Level	Explanation
Resistance 2	1.2688	Daily R2
Resistance 1	1.2668	Daily R1
Support 1	1.2614	Daily S1
Support 2	1.2594	Daily S2

GBPUSD Indicator Table - 24/02/2025

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 - 24/02/2025

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

GBPUSD 24/02/2025 - Reference Price : 1.2641

Buy

Simple Moving Average	Buy (3)	Sell (0)
Technical Indicators - Oscillators	Buy (3)	Sell (0)

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