Weekly Analysis List
GBP/USD Weekly Analysis
8/11/25
Market Overview
GBP/USD Weekly Analysis (August 11–15, 2025)
Market Snapshot
The GBP/USD currency pair opened the week on August 11 at 1.3431 USD per GBP. On the same day, the pair experienced an intraday swing between 1.3398 and 1.3479, ultimately settling near 1.3444. Throughout the week, GBP/USD fluctuated in a broader range, reaching a low of 1.329 on August 6 and climbing to highs between 1.351 and 1.356 during August 12–13. Sterling gained ground early in the week, buoyed by a surprisingly hawkish tone from the Bank of England’s rate decision, and has since maintained levels above 1.345.
Technical Overview
Support Levels
• 1.3425–1.3435: This zone acted as short-term support, as evidenced by multiple intraday bounces.
• 1.3300–1.3350: This range served as a stronger downside buffer, providing a floor for price action.
Resistance Levels
• 1.3470–1.3500: This is identified as a key resistance area, with multiple retests observed on daily charts.
• 1.3550: This level represents the upside breakout target, should bullish momentum persist.
Indicator Signals
• The price is currently holding above the 50-day EMA, indicating potential for sustained buying interest.
• Elliott wave analysis suggests a possible wave 5 upward thrust, with extended targets above 1.4017 if the scenario unfolds.
Fundamental Highlights
• BoE Policy & Market Reaction: The Bank of England implemented a 25 basis points rate cut, accompanied by a hawkish split vote. This outcome led investors to price in slower easing expectations, which in turn supported the strength of the GBP.
• Risk Factors Ahead: Key upcoming data releases include UK jobs figures and U.S. inflation prints. Strong UK labour data could temper expectations for further BoE easing, lending additional support to GBP.
Weekly Outlook & Strategy
Bullish Scenario
• Trigger: A clear break above the 1.3470–1.3500 resistance zone.
• Target 1: 1.3550, which serves as the next resistance level.
• Target 2: 1.3579 and above, reflecting an extended impulse move as projected by Elliott wave analysis.
Note: Sustained momentum above 1.3500 may pave the way for a deeper bullish continuation.
Bearish Scenario
• Trigger: A drop below the 1.3425–1.3435 support zone.
• Target 1: 1.3350, marking the next significant support area.
• Target 2: The lower 1.3300 range, should downside pressure accelerate.
Note: A loss of key support could trigger a correction, potentially reversing the recent bullish momentum.
Conclusion
Trader Tip
“GBP/USD is carving out a higher range above 1.3430–1.3440. Watch the 1.3470–1.3500 zone—clearance above could ignite bullish moves. Conversely, a slip below 1.3430 risks a pullback toward the mid-1.33s, especially if UK data disappoints.”