The GBP/USD currency pair continues to move within the framework of the fall development and has left the bullish channel. At the time of the forecast publication, the Pound to US Dollar exchange rate on Forex is 1.2747. The moving averages indicate the presence of a short-term bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the instrument’s fall. At the moment, we should expect an attempt to develop the rise of the British Pound against the US Dollar and a test of the resistance area near the level of 1.2855. From where we should again expect a rebound in the quotes of the pair downwards and a continuation of the fall of the British Pound against the US Dollar currency pair. The target for the pair’s decline, within the Forex forecast, is the area at the level of 1.2485.
GBP/USD Forecast and Analysis for April 9, 2025
An additional signal in favor of the fall of the currency pair will be a test of the resistance line on the relative strength indicator (RSI). The second signal in favor of the rise will be a rebound from the lower border of the bullish channel. The cancellation of the option with the fall of the Pound Dollar currency pair will be strong growth and a breakout of the resistance area with the price fixing above the level of 1.3005. This will indicate a breakout of the resistance level and the continuation of the growth of the Pound Dollar pair to the area at the level of 1.3245. Confirmation of the fall of the pair should be expected with a breakout of the support area and the price closing below the level of 1.2695.
GBP/USD Forecast and Analysis for April 9, 2025 suggests an attempt to develop growth and test the resistance area near the level of 1.2855. Then, the fall will continue with a target near the level of 1.2485. An additional signal in favor of the decline of the British Pound will be a test of the resistance line on the relative strength indicator (RSI). The cancellation of the fall option will be a strong growth of the British Pound against the US Dollar and a breakout of the 1.3005 area. This will indicate continued growth on the Forex pair with a potential target above the level of 1.3245.
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