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

EU Session Analysis for CFD Instruments 24/03/2025

Fundamental analysis

24 March, 2025

During Asian trading, the British pound increased against the US Dollar trading above 1.2900 levels.

The GBP/USD currency gained some positive traction as the greenback kicked off on a weaker note following the Fed’s unchanged expectations last week that it will likely cut interest rates two times this year. In the UK Manufacturing and Services PMI data for March (46.9 and 51.0 last month respectively) will be posted (09:30 GMT). In the US, Manufacturing PMI for March (52.7 last month) and Services PMI for March (51 last month) will be released (13:45 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 24/03/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 24/03/2025

Support & Resistance Level Explanation
Resistance 2 1.2989 Daily R2
Resistance 1 1.2968 Daily R1
Support 1 1.2912 Daily S1
Support 2 1.2891 Daily S2

GBPUSD Indicator Table - 24/03/2025

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

GBPUSD Indicator / Period Table - 24/03/2025

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

GBPUSD 24/03/2025 - Reference Price : 1.2940

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