Currency pair Pound Dollar GBP/USD continues its movement within the context of correction development and forming a reversal pattern “Wedge”. Now of this forecast’s publication, the Pound to US Dollar exchange rate on Forex is 1.3520. Moving averages indicate the presence of a short-term bull trend. Prices broke through the area between signal lines upwards, which indicates pressure from buyers of the currency pair and potential continuation of growth for the instrument. Currently, one should expect an attempt at developing upward movement in the British Pound’s value against the American Dollar and testing the resistance zone near 1.3625. From there, it is likely to expect a rebound in the price of pairs downwards and continuation of the decline in the British Pound versus US Dollar currency pair. The target for reducing the pair, within this Forex forecast, is the area at the level of 1.3205.
GBP/USD Forecast and Analysis for June 4, 2025
Additional confirmation for the depreciation of the currency pair will be when testing the resistance line on the Relative Strength Index (RSI) indicator. The second signal in favor of a decline is rebounding from the upper border of the reversal pattern “Wedge”. Cancellation of the option for the fall of the currency pair GBP/USD will be strong growth and penetration into the area of resistance with fixing price above level 1.3825. This will indicate a breakthrough the resistance level and continuation of growth in the GBP/USD pair to the area at level 1.3995. Expect confirmation for depreciation should occur upon breaking the support zone and closing below level 1.3375, which will indicate a breakout from the upper border of the reversal pattern “Wedge” and beginning implementation of the pattern with targets downwards.
GBPU/SD Forecast and Analysis for June 4, 2025 anticipates a bullish correction attempt and testing the resistance area close to level 1.3625. Then, continuation of price drops towards target close to level 1.3205. An additional signal in favor of British Pound depreciation would be testing the resistance line on the Relative Strength Index (RSI) indicator. Cancellation of the downside option will be a strong rise of the British Pound against US Dollar and breakthrough of area 1.3825. This will indicate continuation of the rise on the Forex pair with potential target above level 1.3995.
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