The GBP/USD currency pair is ending the trading week as part of a correction near the 1.3506 mark. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upwards, indicating pressure from sellers and a potential continuation of the British pound’s rise against the US dollar from current levels. At this point, we can expect an attempt to develop an upward movement in quotes and a test of the resistance area near the 1.3635 level. Further, a rebound downwards and a continuation of the fall in the pound-dollar exchange rate to the area below the level of 1.2755.
GBP/USD Weekly Forecast July 14 — 18, 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 1.3995 area will cancel the option of a decline in the GBP/USD pair during the current trading week of July 14-18, 2025. This will indicate a breakout of the resistance area and continued growth to above the 1.4275 level. Confirmation of a decline in the GBP/USD currency pair will be a breakout of the resistance area and a close above the 1.3335 level, which will indicate a breakout of the lower border of the bullish channel.
GBP/USD Weekly Forecast July 14 — 18, 2025 suggests an attempt at a bullish correction and a test of the resistance level near the 1.3635 area. From there, we can expect the currency pair to continue falling with a target below the 1.2755 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 1.3995 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.
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