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 16/04/2025

Fundamental analysis

16 April, 2025

During Asian trading, the British pound increased against the US Dollar trading above 1.3200 levels.

The GBP/USD currency pair rose for its seventh consecutive to record another six month peak in the Asian session, ahead of important UK inflation data. In the UK, CPI Inflation data for March (2.7% exp) will be released (07:00 GMT+1). In the US, Retail Sales data for March (1.4% exp) will be released (13:30 GMT+1) and Fed Chair Powell will speak (18:15 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 16/04/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 16/04/2025

Support & Resistance Level Explanation
Resistance 2 1.3358 Daily R2
Resistance 1 1.3318 Daily R1
Support 1 1.3213 Daily S1
Support 2 1.3173 Daily S2

GBPUSD Indicator Table - 16/04/2025

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 - 16/04/2025

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

GBPUSD 16/04/2025 - Reference Price : 1.3265

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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