Currency pair Pound Dollar GBP/USD continues its movement within the context of a corrective development and a bear channel. At the time of publishing this forecast, the rate of the Pound to US Dollar on Forex stands at 1.3503. Moving averages indicate a short-term bullish trend. Prices broke through the area between signal lines upwards, which points to pressure from buyers of the currency pair and potential continuation of growth in the instrument. Currently, it would be expected that an attempt will occur for the development of the rise in the Pound Sterling rate against the US Dollar, testing the resistance zone near 1.3645. Afterward, expect price quotes to bounce back downwards and continue the decline of the GBP/USD currency pair. The target of the decrease in the pair, within this Forex forecast, is an area at a level of 1.3265.
GBP/USD Forecast and Analysis for May 28, 2025
Additional signals suggesting a drop in the currency pair would be testing the resistance line on the Relative Strength Index (RSI). Another signal of a downward movement would be a bounce off the upper border of the bullish channel. Rejection of the scenario where the currency pair Pound/Dollar will fall is strong growth and breaking through the area of resistance with closing price above 1.3725, which indicates that resistance level has been breached and pairs growth in the region up to 1.3985 can be expected. Confirmation of a drop in the pair should come with a break through the support area and closing price below 1.3405, indicating a breach of the upper border of the bullish channel.
GBP/USD Forecast and Analysis for May 28, 2025 suggests an attempt at the development of a bullish correction and testing the resistance area near the level of 1.3645. Then, continuation of price drops with a target close to the level of 1.3265. An additional signal in favor of the British Pound’s depreciation is a test of the resistance line on the Relative Strength Index (RSI) indicator. Cancellation of the downward option will be a strong appreciation of the British Pound against the US Dollar and a breakout above the area of 1.3725. This indicates a continuation of the rise on the Forex pair with a potential target above the level of 1.3985.
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