Pound - US Dollar Analysis

EU Session Analysis for CFD Instruments 02/04/2025

Fundamental analysis

02 April, 2025

During Asian trading, the British pound traded lower against the US Dollar trading below 1.3000 levels.

The GBP/USD currency eased after recording an almost one week low yesterday as the UK prepares itself to be hit by US tariffs, even though Prime Minister Starmer has been trying to work out an acceptable trade deal with the US to avoid them. In the UK, there are no data releases scheduled today. In the US, ADP for March (118k exp) will be posted (13:15 GMT+1) and President Trump will speak (on reciprocal tariffs etc) at (20:00 GMT+1).

Technical analysis

Time Frame: 1 hour

GBPUSD Support & Resistance Table - 02/04/2025

Support & Resistance	Level	Explanation
Resistance 2	1.2968	Daily R2
Resistance 1	1.2944	Daily R1
Support 1	1.2882	Daily S1
Support 2	1.2859	Daily S2

GBPUSD Indicator Table - 02/04/2025

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

GBPUSD Indicator / Period Table - 02/04/2025

Indicator / Period	Day - Sell	Week - Sell	Month - Buy
MACD( 12;26;9)	Sell	Buy	Sell
RSI (14)	Sell	Buy	Buy
SMA 20	Sell	Sell	Buy

GBPUSD 02/04/2025 - Reference Price : 1.2913

Sell

Simple Moving Average	Buy (0)	Sell (3)
Technical Indicators - Oscillators	Buy (1)	Sell (2)

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