Currency pair Pound Dollar GBP/USD concludes the trading week within a growth development and bullish channel near the mark of 1.3469. Moving averages indicate the presence of a bearish trend. Prices broke through the area between signal lines upwards, which indicates pressure from sellers and potential continuation of the British Pound’s course against the US Dollar already at current levels. It is advisable to expect an attempt for growth development and testing the resistance area near the level 1.3635 next. Then, a downward bounce and continued fall in the Pound Dollar quotes region below the level 1.2915.
GBP/USD Weekly Forecast June 2 — 6, 2025
Additional signals for the depreciation of the British Pound will be a test of the resistance line on the Relative Strength Index (RSI) indicator. A second signal will be a bounce off the upper boundary of the bull channel. Cancelling the option of the GBP/USD currency pair falling during the current trading week from 2 to 6 June 2025 would be a significant rise in quotes and breaking through the area of 1.3865. This will indicate that the resistance area has been broken, and growth continues into the region above the level of 1.4275. Confirmation of depreciation of the GBP/USD currency pair will be breaking through the resistance zone and closing prices above the level of 1.3135, which indicates that the lower boundary of the bull channel has been broken.
GBP/USD Weekly Forecast June 2 — 6, 2025 predicts an attempt to develop a bullish correction and testing the resistance level close to the area of 1.3635. From which we can expect further currency pair depreciation towards the region below 1.2915. An additional signal in favor of the decrease will be a test of the trend line on the relative strength indicator. A rejection of the option for the decline of the Pound Dollar pair will be a strong rise and breakout of the level 1.3865. In this case, we can expect further growth of the currency pair with a potential target above the level of 1.4275.
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