CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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 28/01/2025

Fundamental analysis

28 January, 2025

During Asian trading, the British pound declined against the US Dollar trading below 1.2500 levels.
The currency pair appeared set to break its three day winning streak as the pound loses value ahead of a likely interest rate cut by the Bank of England on February 6th. In the UK, there are no major data releases today. In the US, Core Durable Goods Orders for December (0.1% expected) will be posted (13:30 GMT) and CB Consumer Confidence for January (105.9 exp) will be posted (15:00 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 28/01/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 28/01/2025

Support & Resistance Level Explanation
Resistance 2 1.2516 Daily R2
Resistance 1 1.2484 Daily R1
Support 1 1.2399 Daily S1
Support 2 1.2367 Daily S2

GBPUSD Indicator Table - 28/01/2025

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

GBPUSD Indicator / Period Table - 28/01/2025

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

GBPUSD 28/01/2025 - Reference Price : 1.2441

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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