The GBP/USD currency pair is ending the trading week as part of a bullish correction near the 1.3435 mark. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upwards, indicating pressure from buyers and a potential continuation of the British pound’s growth against the US dollar from current levels. At this point, we can expect an attempt at a bullish correction of quotes and a test of the resistance area near the 1.3495 level. Further, a rebound downwards and a continuation of the fall in the pound-dollar exchange rate to the area below the level of 1.2665.
GBP/USD Weekly Forecast August 11 — 15, 2025
An additional signal in favor of a decline in the British pound will be a test of the resistance line on the relative strength indicator. The second signal will be a rebound from the upper border of the bullish channel. A strong rise in quotes and a breakout of the 1.3905 area will cancel the possibility of a decline in the GBP/USD pair during the current trading week of August 11-15, 2025. This will indicate a breakout of the resistance area and continued growth to the area above the 1.4275 level. Confirmation of a decline in the GBP/USD currency pair will be a breakout of the support area and a close below the 1.3125 level.
GBP/USD Weekly Forecast August 11 — 15, 2025 suggests an attempt at a bullish correction and a test of the resistance level near the 1.3495 area. From there, we can expect the currency pair to continue falling with a target below the 1.2665 area. An additional signal in favor of a decline will be a test of the trend line on the relative strength indicator. A strong rise and a breakout of the 1.3905 level will cancel the scenario of a decline in the pound-dollar pair. In this case, we should expect the pair to continue to rise with a potential target above the 1.4275 level.
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