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05.06.2025 04:55 AM
GBP/USD Forecast for June 5, 2025

The British pound is climbing with such difficulty that it looks close to abandoning its plan to reach 1.3790 — the upper boundary of the price channel. The daily Marlin oscillator is leaning toward the lower boundary of its rising channel.

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At this point, we are not considering the likelihood of a deep correction (for example, down to 1.3208); instead, we allow for a continuation of a sideways trend within the range of 1.3433–1.3635. If the price moves sideways, it could take about a week to reach the MACD line, so a pause is possible during the European Central Bank's interest rate decision, U.S. employment data releases, and the anticipated phone call between Trump and Xi Jinping.

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The four-hour chart shows the price directly on the MACD line. We expect further growth if the next candlestick closes white (bullish), signaling a reversal.

If the next candlestick closes below the MACD line, the price will likely move into a sideways trend — essentially wandering freely.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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