The GBP/USD currency pair continues to move within the framework of a downward trend and a bullish channel. At the time of publication, the Pound/Dollar exchange rate on Forex is 1.3464. Moving averages indicate a short-term bullish trend. Prices are testing the area between the signal lines, which indicates pressure from buyers of the currency pair and a potential continuation of the instrument’s growth. Now, we should expect an attempt to develop growth in the British pound against the US dollar and a test of the resistance area near the level of 1.3635. From there, we should again expect a rebound in the pair’s quotes downwards and a continuation of the decline in the British pound against the US dollar. The target for the decline of the pair, within the framework of the Forex forecast, is the area at the level of 1.2945.
GBP/USD Weekly Forecast June 23 — 27, 2025
An additional signal in favor of a decline in the currency pair will be a test of the resistance line on the relative strength index (RSI). The second signal in favor of a decline will be a rebound from the upper border of the downward channel. A strong rise and a breakout of the resistance area with the price consolidating above 1.3765 will cancel the scenario of a decline in the pound-dollar currency pair. This will indicate a breakout of the resistance level and a continuation of the growth of the pound-dollar pair to the area at 1.4075. Confirmation of the pair’s decline should be expected with a breakout of the support area and the price closing below 1.3375, which will indicate a breakout of the lower border of the bullish channel.
GBP/USD Weekly Forecast June 23 — 27, 2025 suggests an attempt to develop growth and test the resistance area near the 1.3635 level. Then, the quotes will continue to fall with a target near the 1.2945 level. An additional signal in favor of a decline in the British pound will be a test of the resistance line on the relative strength index (RSI). A strong rise in the British pound against the US dollar and a breakout of the 1.3765 area will cancel the decline scenario. This will indicate a continuation of the rise in the Forex pair with a potential target above the 1.4075 level.
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