Weekly Analysis List
GBP/USD Weekly Analysis
5/5/25
Market Overview
GBP/USD Weekly Analysis (05.05.2025)
Trend and Momentum:
• The GBP/USD pair is currently testing the MA 200 H1 support, indicating a potential consolidation phase .
• The pair traded mixed in the range of 1.3260-1.3330 on Friday and closed the day without significant changes .
• Today, it has grown slightly, rising to 1.3300
• Support Levels:
o 1.3260: Immediate support .
o 1.3200: Secondary support .
o 1.3150: Tertiary support .
• Resistance Levels:
o 1.3330: Immediate resistance .
o 1.3380: Secondary resistance .
o 1.3450: Tertiary resistance .
Market Sentiment:
• The Bank of England (BoE) is expected to discuss the impact of the US dollar's exchange rate on UK inflation at its May meeting .
• The derivatives market anticipates a 25-basis-point repo rate cut to 4.25%, which could influence GBP/USD positively .
Conclusion
Outlook:
• If the GBP/USD pair breaks above the 1.3330 resistance level, it could advance towards 1.3380 and potentially higher to 1.3450 .
• Conversely, if the pair falls below the 1.3260 support level, it might drop towards 1.3200 and further down to 1.3150 .
This analysis should give you a good overview of the GBP/USD pair's performance and potential movements for the week.