GBP/USD Forecast And Analysis For August 1, 2025

The GBP/USD currency pair continues to move within the framework of a downward trend and the beginning of a head and shoulders reversal pattern. At the time of publication, the pound-dollar exchange rate on Forex is 1.3206. Moving averages indicate a short-term bearish trend. Prices have broken through the area between the signal lines downwards, indicating pressure from sellers of the currency pair and a potential continuation of the instrument’s decline. At the moment, we can expect an attempt at a bullish correction of the British pound against the US dollar and a test of the resistance area near the 1.3275 level. From there, we can again expect the pair to rebound downward and continue to fall against the US dollar. The target for the pair’s decline, according to the Forex forecast, is the area at 1.3005.

GBP/USD Forecast and Analysis for August 1, 2025

An additional signal in favor of a decline in the currency pair will be a test of the trend line on the relative strength index (RSI). The second signal in favor of a decline will be a rebound from the upper border of the bearish channel. A strong rise and a breakout of the resistance area with the price consolidating above 1.3405 will cancel the scenario of a decline in the GBP/USD currency pair. This will indicate a breakout of the resistance level and a continuation of the GBP/USD pair’s growth to the area at 1.3665. Confirmation of the pair’s decline should be expected with a breakout of the support area and the price closing below the level of 1.3265.

GBP/USD Forecast and Analysis for August 1, 2025 suggests an attempt to develop growth and test the resistance area near the 1.3275 level. Then, the quotes will continue to fall with a target near the 1.3005 level. An additional signal in favor of a decline in the British pound will be a test of the resistance line on the relative strength index (RSI). A strong rise in the British pound against the US dollar and a breakout of the 1.3405 area will cancel the decline scenario. This will indicate a continuation of the rise in the Forex pair with a potential target above the 1.3665 level.

Source: forex24.pro