empty
08.07.2025 05:56 AM
GBP/USD Forecast for July 8, 2025

GBP/USDAmid yesterday's 0.56% rise in the U.S. dollar index, the British pound declined by 0.20% (-51 points). The price moved further away from the 1.3635 level, while the Marlin oscillator on the daily chart entered bearish territory.

This image is no longer relevant

This morning, the pound is consolidating below the level—likely in preparation for a move toward the intermediate support at 1.3510. If no correction occurs at that level, the decline may continue toward the target support at 1.3414.

On the H4 chart, the price faces three strong resistances overhead: the 1.3635 level, the MACD line at 1.3658, and the daily MACD line at 1.3692. Overcoming such levels would require solid catalysts, which are currently absent in the media landscape.

This image is no longer relevant

The signal line of the Marlin oscillator has approached the boundary of bullish territory. Under the main scenario, we expect a reversal of the oscillator and continued downward movement in price.

The main scenario would be invalidated if the price consolidates above 1.3692. In that case, the pair could retest the July 1 high in an attempt to reach the target level of 1.3834.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Yuriy Zaycev
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

GBP/USD: The Pair May Come Under Pressure Following the Bank of England's Decision

Today, the central bank of the United Kingdom – the Bank of England – will hold its policy meeting. The central bank is expected to cut the key interest rate

Pati Gani 10:12 2025-08-07 UTC+2

GBP/USD. Indicator Analysis on August 7, 2025

On Wednesday, the pair moved upward and tested the upper fractal at 1.3364 (blue dotted line), after which the price slightly declined, closing the daily candle at 1.3353. Today

Stefan Doll 10:10 2025-08-07 UTC+2

EUR/USD. Indicator Analysis on August 7, 2025

On Wednesday, the pair moved upward and nearly tested the 50% retracement level at 1.1672 (red dotted line), after which the price slightly declined and closed the daily candle

Stefan Doll 10:03 2025-08-07 UTC+2

Forex forecast 07/08/2025: EUR/USD, USD/JPY, GBP/USD, SP500, Gold and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 09:55 2025-08-07 UTC+2

GBP/USD – August 7th. Bank of England Prepares to Support the Pound

On the hourly chart, the GBP/USD pair continued rising on Wednesday after rebounding from the 127.2% Fibonacci retracement level at 1.3258, reaching the resistance zone of 1.3357–1.3371

Samir Klishi 09:51 2025-08-07 UTC+2

Silver still has the potential to continue strengthening today to its nearest resistance level. Thursday, August 7, 2025.

Silver – Thursday, August 7, 2025. Silver's bias is currently strengthening significantly, where it potentially testing its nearest resistance levels. Although there is a possibility of a correction, as long

Arief Makmur 07:42 2025-08-07 UTC+2

Although the bias remains strong, the appearance of divergence on the Nasdaq 100 Index has the potential for a limited correction. Thursday, August 7, 2025.

Nasdaq 100 Index - Thursday, August 07, 2025. With the condition of EMA (50) and EMA (200) forming a golden cross, and the RSI (14) in the extreme bullish area

Arief Makmur 07:42 2025-08-07 UTC+2

EUR/USD Forecast for August 7, 2025

As a result of yesterday's 84-pip rise, the euro broke above the target level of 1.1632, testing the balance indicator line. The correction from the downward move that began

Laurie Bailey 05:07 2025-08-07 UTC+2

GBP/USD Forecast for August 7, 2025

By the end of yesterday, the British pound rose by 56 pips, reaching the target level of 1.3364 – the upper boundary of the consolidation range between 1.3253 and 1.3364

Laurie Bailey 05:07 2025-08-07 UTC+2

Natural Gas Forecast for August 7, 2025

On the daily chart, a bullish divergence has formed between the price and the Marlin oscillator. The price has already moved above the target level of 3.086; all that remains

Laurie Bailey 05:07 2025-08-07 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.