Currency pair Pound Sterling/Dollar GBP/USD is finishing the trading week within a growth development and a bull channel close to the level of 1.3464. Moving averages indicate the presence of bearish trend. Prices have pierced the area between signal lines upwards, which indicates pressure from sellers and potential continuation of the British Pound’s course against the US Dollar already at current levels. It is advisable to expect an attempt at growth development and testing the resistance zone near the level of 1.3585. A drop then followed by a further decline in the Pound Sterling/Dollar quotes area below the level of 1.2865 should be anticipated next.
GBP/USD Weekly Forecast May 26 — 30, 2025
Additional indication for the British Pound depreciation is a test of the resistance line on the Relative Strength Index (RSI) indicator. The second signal will be bouncing off the upper border of the bull channel. Cancellation of the GBP/USD pair drop option for the current trading week May 26 — 30, 2025, is a strong increase in quotes and penetration of the area at 1.3865. This will indicate breaking the resistance zone and continuation of growth to an area above the level of 1.4265. Confirmation of depreciation of the currency pair GBP/USD is penetration of the resistance area and closing price above the level of 1.3125, which will indicate breaking the lower border of the bull channel.
GBP/USD Weekly Forecast May 26 — 30, 2025 anticipates an attempt to develop a bullish correction and testing resistance level near the area of 1.3585. From where we can expect further decline in the currency pair with a target below the zone of 1.2865. An additional signal for the reduction will be a test of the trend line on the Relative Strength Index (RSI) indicator. Cancellation of the option for the depreciation of the Pound Dollar currency pair will be strong growth and breaking through the level of 1.3865. In this case, we can expect continuation of the rise in the pair with a potential target above the level of 1.4265.
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