The GBP/USD currency pair is ending the trading week with a decline after rebounding from the upper boundary of the bullish channel near the 1.3542 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 growth and test the resistance area near the 1.3645 level. Further, a rebound downwards and a continuation of the fall in the pound-dollar quotes to the area below the level of 1.3135.
GBP/USD Weekly Forecast June 16 — 20, 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 “Wedge” reversal pattern. A strong rise in quotes and a breakout of the 1.3865 area will cancel the option of a decline in the GBP/USD pair during the current trading week of June 16-20, 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 1.3305 level, which will indicate a breakout of the lower border of the “Wedge” reversal pattern and the beginning of the pattern’s realization with targets below.
GBP/USD Weekly Forecast June 16 — 20, 2025 suggests an attempt to develop a bullish correction and test the resistance level near the 1.3645 area. From there, we can expect the currency pair to continue falling with a target below the 1.3135 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 1.3865 level will cancel the scenario of a decline in the pound-dollar pair. In this case, we should expect the pair to continue growing with a potential target above the 1.4275 level.
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