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FX.co ★ GBP/USD Forecast for July 1, 2025

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Forex Analysis:::2025-07-01T03:15:44

GBP/USD Forecast for July 1, 2025

GBP/USD

On the daily chart, we are removing the green ascending price channel, as the likelihood of its realization has fallen below 50%. We are now focusing primarily on target levels. The nearest growth target remains the October 2021 peak at 1.3834. A consolidation above this level would open the way toward the 1.3935 target.

GBP/USD Forecast for July 1, 2025

The signal line of the Marlin oscillator has flattened into a sideways movement, indicating the weakness of the ongoing growth. A consolidation below the 1.3635 level would also mean a move below the MACD line — a sign of a medium-term reversal to the downside.

GBP/USD Forecast for July 1, 2025

On the four-hour chart, the Marlin oscillator has already moved into negative territory. This does not rule out a scenario of reaching 1.3834, but it does signal increased volatility. The MACD line is approaching the 1.3635 level, which will soon cause this line to align on both timeframes. The 1.3635 level is gaining strategic importance.

Analyst InstaForex
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