Weekly Analysis List
GBP/USD Weekly Analysis
4/14/25
Market Overview
As of April 14,2025, the GBP/USD pair has exhibited significant volatility this week, driven by both technical factors and broader market dynamics.
Technical Overview
Current Price: Approximately 1.3181 as of April 14, 2025
Recent Performance: The pair has rebounded from recent lows, indicating renewed bullish momentum.
Key Support Levels:
• 1.2783: Represents the 38.2% Fibonacci retracement of the movement from 1.2099 to 1.3206
• 1.2522: Corresponds to the 61.8% Fibonacci retracement level
Key Resistance Levels:
• 1.3206: Recent high; a break above this could signal further upside
• 1.3351: Potential target if bullish momentum continues
Indicators:
RSI: Currently neutral, suggesting room for movement in either direction
MACD: Shows signs of a bullish crossover, supporting upward momentum
Fundamental Factors
US Dollar Dynamics: The USD has faced pressure due to evolving trade policies and market sentiment, providing support to the GBP.
UK Economic Outlook: Investors are closely monitoring upcoming UK economic data releases, which could influence the pair's direction.
Conclusion
Weekly Outlook
*Bullish Scenario*: A sustained move above 1.3206 could pave the way toward 1.3351, especially if supported by positive UK economic data and continued USD weakness.
*Bearish Scenario*: Failure to maintain levels above 1.2783 may lead to a retest of the 1.2522 support zone.