Currency pair Pound Sterling/US Dollar GBP/USD continues its movement within the correction development after a rebound off the upper boundary of the bullish channel. Now of this forecast publication, the Pound to US Dollar Forex rate is at 1.3561. Moving averages indicate a short-term bearish trend. Prices broke through the area between signal lines upwards, indicating pressure from buyers of the currency pair and potential continuation of growth in the instrument. Currently, it’s reasonable to expect an attempt for development of the bearish correction of the British Pound against the US Dollar course and testing the support area close to 1.3465. From there, it is again expected to anticipate a bounce of quotes pairs upwards and continuation of the growth of the currency pair British Pound against US Dollar. The target rise of the pair, within this Forex forecast, is at level 1.3735.
GBP/USD Forecast and Analysis for May 27, 2025
Additional signals in favor of the currency pair’s growth would be a test of the support line on the Relative Strength Index (RSI) indicator. A second signal suggesting a decline would be a rebound off the lower boundary of the bull channel. Confirmation of an increase in the currency pair GBP/USD would come with a drop below the support area, with prices settling under the level 1.3395. This would indicate a break of the support level and continuation of the GBP/USD pair’s decline to the region at level 1.3205. Expectation for confirmation of growth should arise from breaking through the resistance zone and closing prices above the level 1.3675, indicating a breach of the upper boundary of the bull channel – this is a signal for growth across the width of the channel.
GBP/USD Forecast and Analysis for May 27, 2025 suggests an attempt at growth development and testing the support area near the level of 1.3465. Then, continuation of growth with a target near the level of 1.3735. An additional signal in favor of the British Pound’s rise would be a test of the support line on the Relative Strength Index (RSI) indicator. Cancellation of the upward movement option is the depreciation of the British Pound against the US Dollar and breaking through the area of 1.3395. This will indicate further decline on the Forex pair with a potential target below the level of 1.3205.
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