empty
04.04.2025 05:34 AM
GBP/USD Forecast for April 4, 2025

By the end of yesterday, the British pound had risen by 92 pips, with a peak gain of 204 pips. The price reached the target range of 1.3184–1.3208 before retreating to the support level 1.3101. This is a convenient area to await today's U.S. employment data, as it sits near the midpoint of the 1.3001–1.3208 range.

The forecast for new nonfarm jobs in March is 137,000, down from 151,000 in February. Unemployment is expected to remain unchanged at 4.1%.

If the data comes close to forecasts, the pound could decline due to the relative speed at which U.S. bond yields are falling compared to those in the UK. U.S. 5-year Treasury yields are at 3.40%, while their UK counterparts yield 4.10%.

This image is no longer relevant

The nearest downside target for the pound is 1.3001. Additionally, the Marlin oscillator is rising much more slowly than March 3–6, signaling a possible transition to either consolidation or a reversal. A break below 1.3001 would push the oscillator into negative territory, opening the way to the target range of 1.2816–1.2847.

This image is no longer relevant

On the H4 chart, the price is beginning to consolidate below the 1.3101 level. Marlin is declining, indicating a bearish bias. A drop below 1.3001 would also signify a break of the MACD line. As of this morning, the outlook is bearish. We await the release of U.S. employment data. Weak figures followed by price growth could lead the pound toward the target level of 1.3311.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
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

EUR/USD Forecast for June 9, 2025

Moderately optimistic US employment data revived the dollar, causing it to rise by 0.44%. The euro dropped by 50 pips. A divergence with the stock market occurred as the S&P

Laurie Bailey 05:15 2025-06-09 UTC+2

GBP/USD Forecast for June 9, 2025

On Friday, as the US dollar index strengthened by 0.44%, the British pound dropped by 42 pips. However, the Marlin oscillator remains stable, supported from below by the zero line

Laurie Bailey 05:07 2025-06-09 UTC+2

USD/JPY Forecast for June 9, 2025

In the previous yen analysis, we mentioned that the 145.08 level serves as an intermediate barrier to the main target of 146.11. However, by this morning, the situation

Laurie Bailey 05:07 2025-06-09 UTC+2

USD/CAD. Analysis and Forecast

The pair is attempting to attract buyers, but spot prices remain close to a yearly low and appear vulnerable to further decline. The Canadian dollar is supported by reports

Irina Yanina 15:33 2025-06-06 UTC+2

EUR/JPY. Analysis and Forecast

The EUR/JPY pair continues to demonstrate stable positive dynamics. Spot prices remain near a three-week high. Factors supporting the rise of EUR/JPY include disappointing data on household spending in Japan

Irina Yanina 11:21 2025-06-06 UTC+2

Forecast for EUR/USD on June 6, 2025

On Thursday, the EUR/USD pair continued its upward movement but made two rebounds from the 76.4% corrective level at 1.1454, suggesting a potential reversal in favor of the U.S. dollar

Samir Klishi 11:09 2025-06-06 UTC+2

Forecast for GBP/USD on June 6, 2025

On the hourly chart, the GBP/USD pair on Thursday rose to the resistance zone of 1.3611–1.3620, rebounded from it, and turned in favor of the U.S. dollar. A decline began

Samir Klishi 11:03 2025-06-06 UTC+2

Forex forecast 06/06/2025: EUR/USD, USD/JPY, SP500, Oil, Ethereum 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 09:51 2025-06-06 UTC+2

Forecast for EUR/USD on June 6, 2025

Yesterday, the ECB as expected cut key rates by a quarter point, bringing the refinancing rate to 2.15%. At the press conference, ECB President Christine Lagarde stated that rates have

Laurie Bailey 08:21 2025-06-06 UTC+2

Forecast for GBP/USD on June 6, 2025

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

Laurie Bailey 08:17 2025-06-06 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.