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21.05.2025 05:10 AM
GBP/USD Forecast for May 21, 2025

Over the past week, the British pound has been advancing ahead of other currencies. This momentum may soon lead to a breakout above the rising channel and the target level at 1.3635.

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The Marlin oscillator only entered positive territory on Monday and still has a long path ahead. The pound's growth potential extends to 1.3800, the support level from April to May 2021.

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The price is preparing to break through the 1.3433 level on the four-hour chart. The Marlin oscillator is poised to assist. A successful breakout and consolidation above this level would pave the way for a further advance toward 1.3565 — the price channel line on the daily scale.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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