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

EU Session Analysis for CFD Instruments 21/02/2025

Fundamental analysis

21 February, 2025

During Asian trading, the British pound was slightly lower against the US Dollar trading below 1.2600 levels.

The GBP/USD currency eased in the Asian session, despite hitting a two month high early this morning with the greenback falling after President Trump announced potential progress in trade negotiations with China. In the UK, Month on Month Retail Sales data for January (0.4%) will be released (07:00 GMT). In the US, Manufacturing and Services PMI for February (51.3 and 53 respectively expected) will be released (14:45 GMT), Existing Homes Sales for January (4.13M exp) will be posted (15:00 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 21/02/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 21/02/2025

Support & Resistance Level Explanation
Resistance 2 1.2710 Daily R2
Resistance 1 1.2688 Daily R1
Support 1 1.2630 Daily S1
Support 2 1.2608 Daily S2

GBPUSD Indicator Table - 21/02/2025

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

GBPUSD Indicator / Period Table - 21/02/2025

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

GBPUSD 21/02/2025 - Reference Price : 1.2660

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