The Pound Dollar GBP/USD currency pair is ending the trading week within the framework of the correction development near 1.3644. The moving averages indicate the presence of a bullish trend. Prices broke through the area between the signal lines upwards, which indicates the pressure from the sellers and the potential continuation of the GBP/USD growth from the current levels. At this point, we should expect an attempt to develop the rise of quotes and test the resistance area near the level of 1.3785. Further, the rebound downward and the continuation of the GBP/USD quotes fall to the area below the level of 1.3025.
GBP/USD Weekly Forecast July 7 — 11, 2025
An additional signal in favor of the British Pound decline will be a test of the resistance line on the relative strength indicator. The second signal will be the return of quotes inside the bullish channel. A strong growth of quotes and a breakdown of the 1.3995 area will be a cancellation of the GBP/USD downside option for the current trading week July 7 — 11, 2025. This will indicate the breakdown of the resistance area and the continuation of growth to the area above the level of 1.4275. The GBP/USD currency pair decline will be confirmed by the breakdown of the resistance area and the price closing above the level of 1.3405, which will indicate the breakdown of the lower boundary of the bullish channel.
GBP/USD Weekly Forecast July 7 — 11, 2025 suggests an attempt to develop a bullish correction and test the resistance level near the area of 1.3785. From where we should expect the currency pair to continue falling with the target below 1.3025. An additional signal in favor of the decline will be a test of the trend line on the relative strength indicator. A strong growth and breakdown of the level of 1.3995 will cancel the variant of the fall of the pair Pound Dollar. In this case we should expect the continuation of the pair growth with a potential target above the level of 1.4275.
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