Currency pair GBP/USD continues its movement within the framework of strong growth development and “Wolf Wave” bearish pattern formation. At the moment of writing the forecast, the Pound Sterling to US Dollar exchange rate on Forex stands at 1.3374. Moving averages indicate a short-term bullish trend. Prices have breached the area between signal lines upwards, indicating pressure from GBP/USD currency pair buyers and potential continuation of the growth instrument. Currently, it is advisable to expect an attempt for the development of the Pound Sterling’s rate against the US Dollar, testing the resistance zone near 1.3395 level. From there, anticipate a bounce in the price of the pair downward and continue the decline in the GBP/USD currency pair. The target of depreciation for the pair, according to Forex forecast, is at the level of 1.3165.
GBPUSD Forecast and Analysis for May 20, 2025
Additional indication for the currency pair depreciation would be testing the resistance line on the Relative Strength Index (RSI) indicator. A second signal of depreciation would come from a bounce off the upper boundary of the bearish Wyckoff wave model. Rejection of the depreciation option for the currency pair GBP/USD will occur with a strong rise and a break through the resistance area with price settlement above 1.3465. This indicates the break of the resistance level and continuation of the GBP/USD pair growth to the zone at the level of 1.3715. We should expect confirmation of depreciation when the support region is broken and the price closes below 1.3265, indicating a breach of the lower boundary of the bullish correction channel.
GBPUSD Forecast and Analysis for May 20, 2025 suggests an attempt of growth development and testing the resistance area near level 1.3395. Then, continuation of decline with a target near level 1.3165. An additional signal in favor of depreciation of the British Pound will be testing the resistance line on the Relative Strength Index (RSI) indicator. Cancellation of the downside option will be strong growth of the British Pound against the US Dollar and breaking through the area 1.3465. This will indicate continuation of growth on the Forex pair with a potential target above level 1.3715.
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