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 05/02/2025

Fundamental analysis

05 February, 2025

During Asian trading, the British pound rose against the US Dollar trading above 1.2480 levels.
The GBP/USD currency pair is trading higher this morning following a slowdown in the US labor market based on yesterday’s Job Openings data release. In the UK, Services PMI (51.2 exp) data for January will be posted today (9:30 GMT). In the US, ADP Nonfarm Employment Change data for January (148K exp) will be posted today (13:15 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 05/02/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 05/02/2025

Support & Resistance Level Explanation
Resistance 2 1.2555 Daily R2
Resistance 1 1.2522 Daily R1
Support 1 1.2435 Daily S1
Support 2 1.2402 Daily S2

GBPUSD Indicator Table - 05/02/2025

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 - 05/02/2025

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

GBPUSD 05/02/2025 - Reference Price : 1.2479

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