The GBP/USD currency pair ended the trading week within the downward trend and bullish channel near the 1.3539 mark. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upwards, indicating pressure from sellers and a potential continuation of the British pound’s growth against the US dollar from current levels. At this point, we can expect an attempt at growth and a test of the resistance area near the 1.3665 level. Further, a rebound downwards and a continuation of the fall in the pound-dollar quotes to the area below the level of 1.3065.
GBP/USD Weekly Forecast June 9 — 13, 2025
An additional signal in favor of a decline in the British pound will be a test of the resistance line on the relative strength indicator. The second signal will be a rebound from the upper border of the “Wedge” reversal pattern. A strong rise in quotes and a breakout of the 1.3865 area will cancel the GBP/USD decline scenario for the current trading week of June 9 — 13, 2025. This will indicate a breakout of the resistance area and continued growth to above the 1.4275 level. Confirmation of a decline in the GBP/USD currency pair will be a breakout of the resistance area and a close above the 1.3305 level, which will indicate a breakout of the lower border of the “Wedge” reversal pattern and the beginning of the pattern’s implementation with targets below.
GBP/USD Weekly Forecast June 9 — 13, 2025 suggests an attempt to develop a bullish correction and test the resistance level near the 1.3665 area. From there, we can expect the currency pair to continue falling with a target below the 1.3065 area. An additional signal in favor of a decline will be a test of the trend line on the relative strength indicator. A strong rise and a breakout of the 1.3865 level will cancel the scenario of a decline in the pound-dollar pair. In this case, we should expect the pair to continue growing with a potential target above the 1.4275 level.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
