Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 23/04/2025

Fundamental analysis

23 April, 2025

During European trading, the British Pound increased against the US Dollar, trading above 1.3330 levels.

The GBP/USD currency gained ground in the European trading session, recovering from the strengthening of the dollar in this morning's session, caused by lower tensions between the US President and the Chairman of the FED. In the UK, Global Services PMI for April was released with data being lower than expected (48.9 realised vs 51.5 expected). In the US, Global Manufacturing PMI (49.0 exp) and Global Services PMI for April (52.8 exp) will be posted (14:45 GMT+1) and New Homes Sales data for March (682k exp) will be released (15:00 GMT+1).

Technical analysis

Time Frame: 1 hour

GBPUSD Support & Resistance Table - 23/04/2025

Support & Resistance	Level	Explanation
Resistance 2	1.3379	Daily R2
Resistance 1	1.3350	Daily R1
Support 1	1.3274	Daily S1
Support 2	1.3245	Daily S2

GBPUSD Indicator Table - 23/04/2025

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

GBPUSD Indicator / Period Table - 23/04/2025

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

GBPUSD 23/04/2025 - Reference Price : 1.3299

Buy

Simple Moving Average	Buy (2)	Sell (1)
Technical Indicators - Oscillators	Buy (2)	Sell (0)

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