The GBP/USD currency pair continues to move within the growth and bullish channel. At the time of publication, the pound-dollar exchange rate on Forex is 1.3710. Moving averages indicate a short-term bullish trend. Prices have broken through the area between the signal lines upwards, indicating pressure from buyers of the currency pair and a potential continuation of the instrument’s growth. At the moment, we should expect an attempt to develop a correction in the British Pound against the US Dollar and a test of the support area near the 1.3685 level. From there, we can again expect the pair to rebound upward and continue to grow against the US dollar. The target for the pair’s rise, according to the Forex forecast, is the area at 1.3925.
GBP/USD Forecast and Analysis for July 1, 2025
An additional signal in favor of the currency pair’s growth will be a test of the support line on the relative strength index (RSI). The second signal in favor of a decline will be a rebound from the lower border of the bullish channel. A decline and breakout of the support area with the price consolidating below 1.3635 will cancel the scenario of growth for the GBP/USD currency pair. This will indicate a breakout of the support level and a continuation of the decline of the GBP/USD pair to the area at 1.3375. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and the price closing above the level of 1.3795.
GBP/USD Forecast and Analysis for July 1, 2025suggests an attempt to develop growth and test the support area near the 1.3685 level. Then, the quotes will continue to grow with a target near the 1.3925 level. An additional signal in favor of the British pound’s rise will be a test of the support line on the relative strength index (RSI). A fall in the British pound against the US dollar and a breakout of the 1.3635 area will cancel the growth scenario. This will indicate a continuation of the decline in the Forex pair with a potential target below the 1.3375 level.
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