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 23/04/2025

Fundamental analysis

23 April, 2025

During Asian trading, the British pound inched higher against the US Dollar trading above 1.3300 levels.

The GBP/USD currency pair was slightly higher after pulling back from a seven month high in yesterday’s session after investor appetite shifted back to US assets. In the UK, Global Services PMI for April (51.4 exp) will be released (09:30 GMT+1). In the US, Global Manufacturing PMI (49.0 exp) and Global Services PMI for April (52.8 exp) will be posted (14:45 GMT+1) and New Homes Sales data for March (682k exp) will be released (15:00 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 23/04/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 23/04/2025

Support & Resistance Level Explanation
Resistance 2 1.3367 Daily R2
Resistance 1 1.3338 Daily R1
Support 1 1.3261 Daily S1
Support 2 1.3232 Daily S2

GBPUSD Indicator Table - 23/04/2025

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

GBPUSD Indicator / Period Table - 23/04/2025

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

GBPUSD 23/04/2025 - Reference Price : 1.3299

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