Market Analysis and Forecasts
June 5, 2025
British Pound (GBP/USD) Outlook:
Market Overview:
The GBP/USD pair has recently shown some resilience following more positive-than-expected revised data on UK services sector activity. However, the pair is currently forming a sideways accumulation pattern. The Bank of England (BoE) is navigating a complex environment with warnings about Trump's trade tariffs impacting the UK economy and persistent inflation.4 The OECD has also lowered its UK economic growth expectations for 2025 and 2026. The hourly trend is bullish.
Support and Resistance Levels:
The GBP/USD is in a bullish hourly trend, but currently consolidating. If buyers react at the demand zone near 1.3505, a move towards 1.3556 could be expected. A consolidation below 1.3505 would likely trigger a sell-off towards 1.3454. A break and consolidation below 1.3390 could indicate a resumption of the downtrend. The pair is likely to remain in a range-bound environment unless there are significant deviations in economic data.
*For full analysis and AutoRebateForeX rebates, check below:
https://autorebateforex.com/market-news/market-analysis-and-forecast-for-june-5-2025/
June 5, 2025
British Pound (GBP/USD) Outlook:
Market Overview:
The GBP/USD pair has recently shown some resilience following more positive-than-expected revised data on UK services sector activity. However, the pair is currently forming a sideways accumulation pattern. The Bank of England (BoE) is navigating a complex environment with warnings about Trump's trade tariffs impacting the UK economy and persistent inflation.4 The OECD has also lowered its UK economic growth expectations for 2025 and 2026. The hourly trend is bullish.
Support and Resistance Levels:
- Support: 1.3506, 1.3505, 1.3458, 1.3454, 1.3435, 1.3390, 1.3333, 1.3291, 1.3121
- Resistance: 1.3529, 1.3556, 1.3573, 1.3585
The GBP/USD is in a bullish hourly trend, but currently consolidating. If buyers react at the demand zone near 1.3505, a move towards 1.3556 could be expected. A consolidation below 1.3505 would likely trigger a sell-off towards 1.3454. A break and consolidation below 1.3390 could indicate a resumption of the downtrend. The pair is likely to remain in a range-bound environment unless there are significant deviations in economic data.
*For full analysis and AutoRebateForeX rebates, check below:
https://autorebateforex.com/market-news/market-analysis-and-forecast-for-june-5-2025/