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FX.co ★ GBP/USD Forecast for February 14, 2025

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Forex Analysis:::2025-02-14T03:01:41

GBP/USD Forecast for February 14, 2025

Yesterday, the British pound rose by 120 pips, indicating a marked increase in risk appetite across the stock, currency, and metals markets. At the same time, U.S. Treasury yields are declining, suggesting an increase in bond purchases. Gold prices are rising, while Bitcoin, often viewed as a risk indicator, has been moving sideways for the past 10 days, hinting at a potential downward breakout from this consolidation phase.

GBP/USD Forecast for February 14, 2025

The pound has successfully broken through the resistance level at 1.2500, and the next target of 1.2616 is likely to be reached soon. If the price holds above 1.2616, the subsequent target will be 1.2708, with a potential extension into the 1.2816–1.2847 range. This upward movement is seen as a continuation of the correction following the overall decline since September 2024 (when it was at 1.3433), although it represents a short-term alternative scenario. Once this correction concludes, the pound is anticipated to decline towards the 1.18 level.

GBP/USD Forecast for February 14, 2025

On the four-hour chart, the price has consolidated above the linear level, as well as above the balance line and the MACD line. The Marlin oscillator remains in bullish territory. The key level to monitor now is 1.2616.

Analyst InstaForex
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