British Pound Forecast: GBP/USD Poised for September Breakout
In an intriguing turn of events for traders, the British Pound has recently erased its early-week declines and is carving out a new monthly opening range.
Key Points
- GBP/USD bounced back with a 1.4% rally!
- Resistance levels to watch: 1.3648/50, 1.3749, 1.4003
- Key support at 1.3280-1.3315
As of September 5, 2025, GBP/USD is at a critical junction. After snapping a two-week losing streak, the Pound has staged a strong recovery, fueled by a weaker-than-expected US NFP report. This upswing has traders watching for a possible breakout above key resistance areas in the days ahead.
Technical Analysis
Let’s dive deeper into the technical levels shaping this upward trend:
Weekly resistance lies at 1.3648/50, backed by the previous high weeks and a significant 78.6% retracement of June's decline.
The technical forecast indicates that if GBP/USD breaches the 1.3650 level, we'll likely see a resurgence in the broader uptrend. Interestingly, last month's forecast suggested a recovery effort, leading to a significant 3.5% rally amid bearish sentiment that seemed to dominate prior weeks.
Summary
September is poised to be a pivotal month for GBP/USD traders. With recent gains, traders should keep an eye on key technical levels, especially with imminent US inflation data on the horizon. Movements above and below major resistance and support lines can signal critical trading opportunities.
Opinion & Analysis
The upcoming US inflation data will significantly influence market dynamics. Knowing how to navigate the swings of GBP/USD will require keen awareness of economic indicators. Viewers can also review the latest Short-term Outlook for further insights.
Keep those charts open, and let's ride this wave together!