GBPUSD Forecast

GBP/USD remains within a broader bearish trend on the 4-hour chart, trading near 1.3240 after a prolonged decline. The Elliott Wave structure shows wave (iii) completing at 1.32043, followed by a corrective wave (iv) that unfolded as a Flat correction. That correction terminated at 1.33110, allowing the larger bearish impulse to resume through wave (v).

GBP/USD Elliott Wave Analysis: Corrective Wave iv Expected

The Flat in wave (iv) developed through waves a-b-c, with wave b declining to 1.31807 before wave c advanced to 1.33110. The subsequent selloff completed wave (v) and therefore wave iii of the larger-degree bearish sequence.

GBP/USD is now expected to enter wave iv, a higher-degree corrective phase against the prevailing downtrend. The initial rebound may still require another pullback before the correction develops toward the 1.3300–1.3350 region, as projected on the chart.

This distinction between degrees is important: the previous Flat was wave (iv) inside wave iii, whereas the developing correction is wave iv of the larger impulse. Once wave iv is complete, the Elliott Wave count favors another decline in wave v, potentially extending below the recent lows toward the 1.3150 region.

The broader outlook remains bearish, while the near-term structure favors a corrective recovery before the final wave v decline.

Market guide

About GBPUSD Forecast

GBPUSD, also known as the British Pound to US Dollar currency pair, is one of the major pairs in the forex market. It represents the value of the British Pound against the US Dollar and is widely followed by forex traders, investors, financial institutions, and market analysts around the world.

GBPUSD Forecast and Analysis

Our GBPUSD Forecast provides updated market analysis focused on the potential direction of the British Pound against the US Dollar. Our analysis covers different timeframes and may include market trends, support and resistance levels, price structure, and potential bullish or bearish scenarios.

At Elliott Wave Monitor, we use Elliott Wave analysis together with technical analysis to study the structure of the GBPUSD market and identify potential price movements. Each analysis is based on the latest available price action and market structure.

What Affects GBPUSD?

The GBPUSD exchange rate is influenced by a range of economic and financial factors, including interest rates, monetary policy, inflation, employment, economic growth, political and economic developments, and global market conditions.

The monetary policies of the Bank of England (BoE) and the US Federal Reserve (Fed) are particularly important for GBPUSD. Changes in interest rates and expectations for future monetary policy can influence demand for the British Pound and US Dollar and affect the exchange rate.

Economic data from the United Kingdom and the United States can also have a significant impact on GBPUSD. Important indicators include inflation, GDP, employment data, consumer spending, business activity, and other measures of economic growth.

GBPUSD Technical Analysis

GBPUSD Technical Analysis can help traders study important price levels and market structures. Our analysis may include support and resistance levels, trend direction, Elliott Wave counts, potential reversal areas, and different market scenarios.

As market conditions change, technical scenarios can also develop or become invalidated as new price information becomes available. For this reason, our latest GBPUSD analysis is regularly updated on this page.

Latest GBPUSD Forecast

This page brings together the latest GBPUSD Forecast and GBPUSD Analysis from Elliott Wave Monitor. New analysis posts are published regularly, allowing readers to follow the British Pound against the US Dollar across different market conditions and timeframes.

Whether you are looking for a GBPUSD forecast, GBPUSD technical analysis, British Pound analysis, or Elliott Wave analysis, this page provides a central place to follow our latest market updates and potential trading scenarios.