The GBP/USD currency pair continues to move within the correction and bullish channel. At the time of publication of the forecast, the pound to the US dollar exchange rate on Forex is 1.3585. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates 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 bearish correction of the British pound against the US dollar and a test of the support area near the 1.3545 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 growth, according to the Forex forecast, is the area at 1.3765.
GBP/USD Forecast and Analysis for July 9, 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 1.3405 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 1.3235. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and the price closing above the level of 1.3625, which will indicate a breakout of the upper border of the downward correction channel.
GBP/USD Forecast and Analysis for July 9, 2025suggests an attempt to develop a decline and test the support area near the 1.3545 level. Then, the quotes will continue to grow with a target near the 1.3765 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 decline in the British pound against the US dollar and a breakout of the 1.3405 area will cancel the growth scenario. This will indicate a continuation of the decline in the Forex pair with a potential target below the 1.3235 level.
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