The GBP/USD currency pair continues to move within the growth and bullish channel. At the time of publication, the pound to US dollar exchange rate on Forex is 1.3579. 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 growth in the British pound against the US dollar and a test of the resistance area near the 1.3645 level. From there, we should again expect a rebound in the pair’s quotes downwards and a continuation of the decline in the British pound against the US dollar. The target for the decline of the pair, within the framework of the Forex forecast, is the area at the level of 1.3335.
GBP/USD Forecast and Analysis for June 17, 2025
An additional signal in favor of a decline in the currency pair will be a test of the resistance line on the relative strength index (RSI). The second signal in favor of a decline will be a rebound from the upper border of the bullish channel. A strong rise and a breakout of the resistance area with the price consolidating above 1.3725 will cancel the scenario of a decline in the GBP/USD currency pair. This will indicate a breakout of the resistance level and a continuation of the growth of the GBP/USD pair to the area at 1.3885. Confirmation of the pair’s decline should be expected with a breakout of the support area and the price closing below 1.3475, which will indicate a breakout of the lower border of the bullish channel.
GBP/USD Forecast and Analysis for June 17, 2025 suggests an attempt to develop growth and test the resistance area near the 1.3645 level. Then, the quotes will continue to fall with a target near the 1.3335 level. An additional signal in favor of a decline in the British pound will be a test of the resistance line on the relative strength index (RSI). A strong rise in the British pound against the US dollar and a breakout of the 1.3725 area will cancel the decline scenario. This will indicate a continuation of the rise in the Forex pair with a potential target above the 1.3885 level.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
