The GBP/USD currency pair ended the trading week with a sharp decline near the 1.3251 mark. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from sellers 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 1.3435 level. Further, a rebound downwards and a continuation of the fall in the pound-dollar quotes to the area below the level of 1.2635.
GBP/USD Weekly Forecast August 4 — 8, 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 lower border of the “Head and Shoulders” reversal pattern. A strong rise in quotes and a breakout of the 1.3905 area will cancel the GBP/USD decline scenario for the current trading week of August 4-8, 2025. This will indicate a breakout of the resistance area and continued growth to above the 1.4275 level. A breakout of the support area and a close below the 1.3055 level will confirm the decline of the GBP/USD currency pair.
GBP/USD Weekly Forecast August 4 — 8, 2025 suggests an attempt at a bullish correction and a test of the resistance level near the 1.3435 area. From there, we can expect the currency pair to continue falling with a target below the 1.2635 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 can expect the pair to continue to rise with a potential target above the 1.4275 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
