GBP/USD

Special Reports - 04/02/2025

04 February, 2025

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

GBP/USD Weekly Special Report based on 1.00 Lot Calculation:

EVENTS (UNITED STATES):

WEDNESDAY, FEBRUARY 5, AT 13:15 GMT: US ADP NONFARM EMPLOYMENT CHANGE (JAN): The US is set to release its monthly ADP Nonfarm Employment Change report. A stronger-than-expected figure could strengthen the USD, potentially driving GBP/USD lower.
FRIDAY, FEBRUARY 7, AT 13:30 GMT: US NONFARM PAYROLLS (JAN) & US UNEMPLOYMENT RATE (JAN): The US is set to release its monthly Nonfarm Payrolls report for January. A stronger-than-expected figure could strengthen the USD, potentially driving GBP/USD lower. At the same time, the US will release its monthly Unemployment rate for January. A weaker-than-expected figure could strengthen the USD, potentially driving GBP/USD lower.
FRIDAY, FEBRUARY 14, AT 13:30 GMT: US RETAIL SALES (JAN): The US is set to release its monthly Retail Sales report for January. A stronger-than-expected figure could strengthen the USD, potentially driving GBP/USD lower.

EVENTS (UNITED KINGDOM):

THURSDAY, FEBRUARY 6, AT 12:00 GMT: BANK OF ENGLAND INTEREST RATE DECISION (FEB): Bank of England is expected to cut the interest rate by 25 basis points, or from current 4.75% to 4.50%. A decrease in interest rates typically exerts downward pressure on currencies.
THURSDAY, FEBRUARY 13, AT 7:00 GMT: UK GROSS DOMESTIC PRODUCT (Q4): The UK is set to release its quarterly GDP report. A lower-than-expected figure could weaken the GBP, potentially driving GBP/USD lower.
TUESDAY, FEBRUARY 18, AT 7:00 GMT: UK UNEMPLOYMENT RATE (DECEMBER): The UK is set to release its monthly Unemployment rate report. A higher-than-expected figure could weaken the GBP, potentially driving GBP/USD lower.

GBPUSD, FEBRUARY 4, 2025
Current Price: 1.2430

GBP/USD	Weekly
Trend direction	DOWN
Resistance 3	1.2700
Resistance 2	1.2630
Resistance 1	1.2580
Support 1	1.2270
Support 2	1.2100
Support 3	1.1940

Example of calculation based on weekly trend direction for 1.00 Lot¹

GBP/USD
Pivot Points	Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
Profit or loss in $	-2,700	-2,000	-1,500	1,600	3,300	4,900
Profit or loss in €²	-2,610	-1,933	-1,450	1,547	3,190	4,737
Profit or loss in £²	-2,172	-1,609	-1,207	1,287	2,655	3,942
Profit or loss in C$²	-3,796	-2,812	-2,109	2,249	4,639	6,888

1. 1.00 lot is equivalent of 100.000 units

2. Calculations for exchange rate used as of 13:30 (GMT) 4/2/2025

There is a possibility to use Stop-Loss and Take-Profit.

You may wish to consider closing your position in profit, even if it is lower than suggested one.

Trailing stop technique could protect the profit.

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