15.05.202504:40 Forex Analysis & Reviews: GBP/USD Forecast for May 15, 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.

The British pound struggles to break above the 1.3311 resistance level with a daily candle close. In the current context, this level aligns with the zero (neutral) line of the daily Marlin oscillator.

Interestingly, the signal line of the oscillator has formed an inverted "head and shoulders" chart pattern (highlighted by the gray rectangle). As a result, we expect a breakout above the 1.3311 level, followed by a rapid rally toward the target of 1.3530 — the upper boundary of the ascending price channel.

On the H4 chart, the price is attempting to return above the MACD line. A firm close above it would ensure a breakout above the 1.3311 resistance level. Also worth noting is the oscillator's reversal from the zero line and the price's rebound from the early-May support level at 1.3257.

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.