GBP USD

GBPUSD Currency pair flag

Latest GBP USD Analysis and Forecasts

Pound shifts to more bullish (GBPUSD Forecast)

GBPUSD day trade outlook: Intermediate-term shift to bullish and upside risks 

A strong advance Tuesday through key 1.2542 resistance for an intermediate-term shift from neutral to bullish, to build on the strong, very early July rally above 1.2510 resistance and to now also overcome the 1.2580 level to 1.2592, to keep the risk to the upside into Wednesday. 

Day trade setup

  • We see an upside bias for 1.2592 and 1.2633; a break here aims for 1.2687, even 1.2719.
  • But below 1.2524/20 opens risk down to 1.2462 and possibly 1.2411.

GBPUSD intermediate-term outlook

The early July push above 1.2542 signalled an intermediate-term shift to a bull trend.

  • Upside risks: We see an intermediate-term bull trend to aim for 1.2813, 1.3000 and maybe 1.3200.
  • What changes this? Below 1.2251 shifts the intermediate-term bull trend straight to an intermediate-term bear trend.
GBPUSD Chart
4 Hour GBPUSD Chart

Please join the GBP USD discussion


    1. The Pound (GBP) is falling against most currencies today due to the release of the UK GDP, Manufacturing and Industrial Production data. Practically all elements of the is report were negative, with the quarterly contraction in GDP the first since 2012 indicating a weakening economy.
      This layers on top of ongoing fears about a “No Deal” Brexit and the threat that the Bank of England may need to cut interest rates. All of these factors are negative for the currency, hence the move lower for GBPUSD and GBPJPY, plus the move higher for EURGBP.
      Also, from a technical analysis perspective, GBPUSD, EURGBP and GBPJPY are moving to multi-year extremes, which sends a negative signal for GBP.
      Hope this helps, please revert with any further questions.

Your email address will not be published. Required fields are marked *

Pound to USD Currency Converter

Other major currency pairs


BUY - rate is expected to increase, i.e. the first currency gains value against the second currency.
SELL - rate is expected to go down, i.e. the first currency is expected to lose value against the second currency.