The currency pair GBP/USD continues its movement within the framework of a corrective development and a bear channel. At the time of this forecast’s publication, the GBP/USD exchange rate on Forex stands at 1.3534. Moving averages point to a short-term bull trend. Prices have breached the zone between signal lines upwards, indicating buying pressure for the currency pair and potential continuation of growth in the instrument. Currently, it is expected that there will be an attempt at developing a decline in the GBP/USD rate with testing support area close to 1.3465 levels. From there, one should anticipate a bounce in the pair’s quotes upwards and continued growth in the GBP/USD currency pair. The rise of the pair, according to Forex prediction, targets the zone at 1.3845.
GBP/USD Forecast and Analysis for June 3, 2025
Additional indication for the currency pair’s growth is a test of the bullish support line on the Relative Strength Index (RSI). A second signal in favor of an upturn will be a bounce off the lower boundary of the ascending channel. Confirmation that GBP/USD may not grow comes from a decline and breach of the support area with price fixed below 1.3325. This will indicate a breach of the support level and continuation of the GBP/USD pair’s fall to the region at 1.3205. An expectation of growth confirmation should come with a break above resistance zone and closing price over 1.3615.
GBP/USD Forecast and Analysis for June 3, 2025 anticipates an attempt of a bearish correction and testing the support area near the level of 1.3465. Then, continuation of the price increase towards the target near the level of 1.3845. An additional signal in favor of the British Pound rise would be testing the support line on the Relative Strength Index (RSI). Cancellation of the upward option will be when the British Pound falls against the US Dollar and breaks through the area of 1.3325, which indicates a continuation of the decline on the Forex pair with a potential target below the level of 1.3205.
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