GBP/USD Forecast for July 31, 2025
Technical analysis
2025-07-31 03:10:34
On the weekly chart, the British pound has crossed the MACD line from top to bottom.
The Marlin oscillator lacks just a slight push to move into negative (bearish) territory. Moreover, this would occur after a previously formed divergence, which increases the probability of such a shift.
On the daily chart, the price is developing within the target range of 1.3206/65. A consolidation below this zone would open the path toward the 1.3090 target. The Marlin oscillator's signal line has briefly dipped below the lower boundary of its own channel. Now, the longer the price holds within this range, the higher the likelihood of further decline.
On the four-hour chart, there is no convergence between price and oscillator, so a breakout above 1.3265 does not concern the bears. They are waiting for Friday's U.S. employment data and are eager to secure another victory.
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