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.

Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 02/04/2025

Fundamental analysis

02 April, 2025

During European trading, the British Pound increased against the US Dollar, trading above 1.2920 levels.

The GBP/USD currency gained ground in the European trading session, as reports come out that the UK could be spared the brunt of the tariffs implemented by the US administration tonight. In the UK, there are no data releases scheduled today. In the US, ADP for March (118k exp) will be posted (13:15 GMT+1) and President Trump will speak (on reciprocal tariffs etc) at (20:00 GMT+1).

Technical analysis

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

GBPUSD Support & Resistance Table - 02/04/2025

Support & Resistance Level Explanation
Resistance 2 1.2990 Daily R2
Resistance 1 1.2967 Daily R1
Support 1 1.2905 Daily S1
Support 2 1.2882 Daily S2

GBPUSD Indicator Table - 02/04/2025

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

GBPUSD Indicator / Period Table - 02/04/2025

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Sell BuySell
RSI (14) Buy BuyNeutral
SMA 20 Buy BuyBuy

GBPUSD 02/04/2025 - Reference Price : 1.2939

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