empty
16.05.2025 05:21 AM
GBP/USD Forecast for May 16, 2025

On Thursday, the UK released strong GDP data but failed to spark noticeable activity in the currency market, as the growth came solely from the services sector. In Q1, GDP rose 0.7% and increased by 0.2% in March. However, industrial production experienced a contraction of 0.7% in March. This was also reflected in the trade balance, which posted a larger-than-expected deficit of -£19.87 billion versus the forecast of -£19.10 billion. The pound rose by 45 pips, mainly due to a 0.14% decline in the US Dollar Index.

This image is no longer relevant

The pound could have risen further, but it encountered technical resistance at 1.3311, which it had already attempted to break during the Asian session. The "Head and Shoulders" pattern on the Marlin oscillator has now fully formed. The oscillator's signal line has moved into positive territory. We expect the oscillator and the price to continue rising toward the nearest target at 1.3433. After that, the next objective will be 1.3545, the upper boundary of the price channel.

This image is no longer relevant

On the four-hour chart, the price rises above the balance and MACD lines, and the current candle has opened above the 1.3311 level. The Marlin oscillator rises in the positive zone, indicating an upward trend.

This trend could be broken, and the price could return to the support zone of 1.3184–1.3208—only if it consolidates below the MACD line around the 1.3260 level.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Forex forecast 26/06/2025: EUR/USD, USD/JPY, USDX, Oil and Ethereum

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 12:18 2025-06-26 UTC+2

EUR/USD – June 26th. Powell's Rhetoric Remains Unchanged

On Wednesday, the EUR/USD pair continued to rise and reached the 127.2% Fibonacci corrective level at 1.1712 on Thursday morning. A rebound from this level could lead to a reversal

Samir Klishi 11:17 2025-06-26 UTC+2

GBP/USD. June 26th. Will the U.S. GDP Report Change Anything?

On the hourly chart, the GBP/USD pair on Wednesday secured a position above the resistance zone of 1.3611–1.3633 and continued its upward movement toward the next Fibonacci level of 200.0%

Samir Klishi 10:48 2025-06-26 UTC+2

GOLD. Why Is Gold Rising Again?

The yellow metal is once again receiving support driven by two main factors. The first is the continued risk of failure in the negotiations between Tehran and Tel Aviv

Pati Gani 09:21 2025-06-26 UTC+2

USD/CAD continues to weaken even though there is a potential for a re-test at its Dynamic Resistance, Thursday, June 26, 2025.

USD/CAD – Thursday, June 26 2025. USD/CAD is moving in a weakening condition even though there is a potential for strengthening to the extent of a retracement. Key Levels

Arief Makmur 05:11 2025-06-26 UTC+2

EUR/GBP has the potential to test the Resistance level. 1 before returning to its initial bias, Thursday, June 26, 2025.

EUR/GBP – Thursday, June 26 2025. EUR/GBP is currently moving in a weakening condition but there is potential for a strengthening correction. Key Levels 1. Resistance. 2 : 0.85538

Arief Makmur 05:11 2025-06-26 UTC+2

EUR/USD Forecast for June 26, 2025

EUR/USD Yesterday's data on new home sales in the U.S. for May turned out worse than expected — 623,000 units were sold versus a forecast of 694,000, and the April

Laurie Bailey 05:11 2025-06-26 UTC+2

GBP/USD Forecast for June 26, 2025

GBP/USD With the British pound's active rise this morning, the price consolidation above 1.3635 on the daily chart can be considered confirmed. This opens the path to targets at 1.3834

Laurie Bailey 04:57 2025-06-26 UTC+2

EUR/NZD Forecast for June 26, 2025

EUR/NZD On the weekly chart, the signal line of the Marlin oscillator has turned upward from the border of the bearish territory. The last time a similar pattern occurred (a

Laurie Bailey 04:57 2025-06-26 UTC+2

Trading Signals for EUR/USD for June 25-28, 2025: sell below 1.1645 (21 SMA - 7/8 Murray)

Early in the American session, the EUR/USD pair is trading around 1.1623 within the uptrend channel formed since June 10th and showing a slight recovery after consolidating in this area

Dimitrios Zappas 18:35 2025-06-25 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.