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07.04.2025 05:20 AM
GBP/USD Forecast for April 7, 2025

On Friday, the British pound collapsed by an impressive 200 pips. This morning, the price tested the target range of 1.2816/47, which it had slightly missed on Friday. The day opened with a gap that had already been closed.

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Most likely, the correction from Thursday's 370-pip high is complete, and the price may soon break above the 1.3184–1.3208 target range. The target is 1.3311 — the low from September 25 of last year.

However, the picture isn't as optimistic on the four-hour chart. The price is currently trading below the balance, with MACD indicator lines, and the Marlin oscillator shows only a weak attempt to reverse while still in bearish territory.

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If the price breaks below the lower boundary of the support range at 1.2816, the decline may continue toward the target level of 1.2714 (the peak from January 26).

A confirmed intention to reverse and head upward will come with a breakout above the MACD line around 1.2955.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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