The currency pair Pound/Dollar GBP/USD ends the trading week within the development of a fall and a bullish channel near 1.3233. The moving averages indicate a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from sellers and a potential continuation of the growth of the British Pound against the US Dollar from the current levels. At this point, we should expect an attempt to develop growth and a test of the resistance area near 1.3325. Next, a rebound downwards and a continuation of the fall of the Pound Dollar quotes to the area below 1.2735.
GBP/USD Weekly Forecast May 12 — 16, 2025
An additional signal in favor of the decline of 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 bullish channel. The cancellation of the fall option for the GBP/USD pair in the current trading week of May 12 — 16, 2025 will be a strong increase in quotes and a breakout of the 1.3765 area. This will indicate a breakout of the resistance area and continued growth to the area above 1.4135. A breakout of the resistance area and price closing above 1.3065 will confirm the decline of the GBP/USD currency pair, which will indicate a breakout of the lower border of the bullish channel.
GBP/USD Weekly Forecast May 12 — 16, 2025 suggests an attempt to develop a bullish correction and test the resistance level near the 1.3325 area. From where we should expect a continuation of the fall of the currency pair with a target below the 1.2735 area. An additional signal in favor of the decline will be a test of the trend line on the relative strength indicator. The cancellation of the fall option for the Pound Dollar pair will be strong growth and a breakout of the 1.3765 level. In this case, we should expect continued growth of the pair with a potential target above the 1.4135 level.
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