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 07/04/2025

Fundamental analysis

07 April, 2025

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

The GBP/USD currency bounced higher after hitting a one month low on Friday as the pair attracted dip buyers while markets continue to absorb US tariffs and the Chinese response late last week. In the UK Halifax House Price Index data for March (2.9% last month) will be released (07:00 GMT+1). In the US, CB Employment Trend Index data for March (108.56 last month) will be posted (15:00 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 07/04/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 07/04/2025

Support & Resistance Level Explanation
Resistance 2 1.3022 Daily R2
Resistance 1 1.2978 Daily R1
Support 1 1.2859 Daily S1
Support 2 1.2814 Daily S2

GBPUSD Indicator Table - 07/04/2025

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

GBPUSD Indicator / Period Table - 07/04/2025

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

GBPUSD 07/04/2025 - Reference Price : 1.2918

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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Pound - US Dollar Chart
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