empty
 
 
07.07.2025 06:21 AM
GBP/USD Forecast for July 7, 2025
On Thursday and Friday, the pound traded within a narrow range between the support level of 1.3635 and the resistance of the daily MACD line. This morning, the price is attempting to break through the support, while the Marlin oscillator is also trying to move into bearish territory.

This image is no longer relevant

A firm move below the support level would open the path toward the target of 1.3414 — the low from May 29. An intermediate level where a pullback is possible is the June 20 high at 1.3510.

This image is no longer relevant

On the four-hour chart, the price has settled below the MACD line and is now attempting to gain a foothold beneath the 1.3635 level. If successful, this would pave the way toward the intermediate level of 1.3510. The Marlin oscillator is ready to turn downward and has been in bearish territory since July 1.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback