06.06.202508:17 Forex Analysis & Reviews: Forecast for GBP/USD on June 6, 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.

GBP/USD Amid yesterday's brief optimism over the ECB's decision to cut rates and nearly complete the easing cycle, the pound almost reached the target level of 1.3635. Today began neutrally, apparently in anticipation of U.S. employment data, but the Marlin oscillator looks weaker with each passing day.

If the U.S. data fails to boost the pound, the target level of 1.3834 will remain out of reach due to the approaching correction in the stock market. Here, the key level is support at 1.3433, which will be pierced tomorrow by the MACD line, and if the price can break through this level, a medium-term decline could begin as early as next week. Despite such bearish signals, we maintain the pound's growth toward the target range of 1.3806/34 as the main scenario.

On the four-hour chart, the price has been rising steadily along the MACD line since May 29. This gradual upward movement creates conditions for a potential activation of bearish sentiment at the appropriate moment. The Marlin oscillator, developing within a range, also warns of this. The market is tired; it needs a trigger — and today it will get one.

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.