Weekly Analysis List
GBP/USD Weekly Analysis
4/28/25
Market Overview
GBP/USD Weekly Analysis (28.04.2025)
Trend and Momentum:
The GBP/USD pair is currently in a bullish trend, displaying resilience above the 1.3200 support zone. The pair is trading around 1.3350, suggesting potential for further upward movement. The RSI (Relative Strength Index) stands at 58.7, indicating moderate bullish momentum.
Support and Resistance Levels:
Support Levels:
• 1.3200: Immediate support.
• 1.3150: Secondary support.
• 1.3100: Tertiary support.
Resistance Levels:
• 1.3400: Immediate resistance.
• 1.3450: Secondary resistance.
• 1.3500: Tertiary resistance.
Market Sentiment:
The Bank of England (BoE) is anticipated to discuss the effect of the US dollar's exchange rate on UK inflation during its May meeting. The derivatives market forecasts a 25-basis-point repo rate reduction to 4.25%, which may have a positive influence on the GBP/USD pair.
Conclusion
Outlook:
Should the GBP/USD pair surpass the 1.3400 resistance level, it could progress towards 1.3450 and potentially reach 1.3500. Conversely, if the pair falls below the 1.3200 support level, it might decline towards 1.3150 and further down to 1.3100.
This analysis provides an overview of the GBP/USD pair's performance and potential movements for the week.