The currency pair Pound Sterling/Dollar GBP/USD continues its movement within the framework of a corrective development and a bear channel. At the time of writing, the Pound to US Dollar exchange rate on Forex stands at 1.3487. Moving averages indicate the presence of a short-term bullish trend. Prices have breached the area between signal lines upwards, which indicates pressure from buyers of the currency pair and potential continuation of growth in the instrument. Currently, it is advisable to anticipate an attempt for the Pound Sterling rate against the American Dollar to fall and test the support area near 1.3445. From there, a rebound of quotes should be expected back up and continued growth in the GBP/USD currency pair. The rise objective of the pair, within the Forex forecast, is an area at level 1.3685.
GBPUSD Forecast and Analysis for May 30, 2025
Additional signals for the growth of the currency pair would be testing the support line on the Relative Strength Index (RSI) indicator. A second signal for an upward movement is a rebound from the lower boundary of the bullish channel. A reversal of the scenario where the currency pair Pound/Dollar grows will occur with a drop and penetration through the support area, fixing the price below 1.3365. This would indicate a break of the support level and continued decline of the Pound/Dollar pair to an area around 1.3245. To expect confirmation of growth in the pair requires breaking through the resistance zone and closing the price above 1.3535.
GBPUSD Forecast and Analysis for May 30, 2025 anticipates an attempt at developing a bearish correction and testing the support area near level 1.3445. Then, continuation of price growth with the target close to level 1.3685. An additional signal in favor of lifting the British Pound will be testing the support line on the Relative Strength Index (RSI) indicator. Cancellation of the upturn option will be a fall of the British Pound against the US Dollar and breakthrough the area 1.3365. This will indicate continuation of the decline in the Forex pair with a potential target below level 1.3245.
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