10.02.202507:54 Forex Analysis & Reviews: GBP/USD Forecast for February 10, 2025

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

On Friday, following the release of mixed U.S. employment data, the British pound closed below the MACD indicator line. The Monday session opened below this line, and the initial gap from the market open has already been filled.

The Marlin oscillator's signal line has broken out downward from its consolidation phase (marked by the gray rectangle). A drop below the 1.2367 support level may coincide with Marlin entering negative territory, which could accelerate the bearish momentum. If this scenario unfolds, the next downward target will be 1.2186.

On the 4-hour timeframe, the price has secured itself below the balance indicator line, signaling a short-term bearish sentiment among traders. The Marlin oscillator has also settled in the bearish territory, confirming the downtrend continuation. A break and consolidation below 1.2367 will provide a clear path toward the 1.2186 target level.

Overall, GBP/USD remains under pressure, and further declines are likely unless key resistance levels are reclaimed.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.