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 31/03/2025

Fundamental analysis

31 March, 2025

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

The GBP/USD currency grew in the Asian session as fears that president Trump’s tariffs may create inflation and dampen economic growth, weaken the dollar somewhat. In the UK, Bank of England Consumer Credit for February (1.740 bln exp) will be released (09:30 GMT+1). In the US, Chicago PMI for March (45.4 exp) will be released (14:45 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 31/03/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 31/03/2025

Support & Resistance Level Explanation
Resistance 2 1.3010 Daily R2
Resistance 1 1.2987 Daily R1
Support 1 1.2926 Daily S1
Support 2 1.2903 Daily S2

GBPUSD Indicator Table - 31/03/2025

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 - 31/03/2025

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

GBPUSD 31/03/2025 - Reference Price : 1.2957

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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