The GBP/USD currency pair continues to move within the framework of the correction development. bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.2953. Moving averages indicate the presence of a short-term bullish trend. Prices broke through the area between the signal lines upwards, which indicates pressure from buyers of the currency pair and a potential continuation of the instrument’s growth. At the moment, we should expect an attempt to develop a fall in the British Pound against the US Dollar and a test of the support area near the 1.2925 level. Where should we expect the pair’s quotes to bounce back upwards and the British Pound versus US Dollar currency pair to continue growing. The target for the pair’s rise, within the Forex forecast, is the area at 1.3105.
GBP/USD Forecast and Analysis for March 25, 2025
An additional signal in favor of the currency pair’s rise will be a test of the support 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 option with the rise of the Pound Dollar currency pair will be cancelled by a fall and a breakout of the support area with the price fixing below 1.2805. This will indicate a breakout of the support level and a continuation of the fall of the Pound Dollar pair to the area at 1.2625. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and the price closing above 1.2975.
GBP/USD Forecast and Analysis for March 25, 2025 suggests an attempt to develop a fall and test the resistance area near the level of 1.2925. Then, a continuation of the fall with a target near the level of 1.3105. 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 1.2805 area. This will indicate continued growth on the Forex pair with a potential target above the level of 1.2625.
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