GBPUSD Analysis: Long-Term Uptrend Faces Short-Term Bearish Pressure

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for July 3, 2025.

Technical Analysis of GBPUSD

GBPUSD Daily Chart Insights

• Stochastic oscillator: The indicators recent bearish crossover from overbought levels suggests temporarily exhausted bullish momentum and a potential short-term pullback, though this likely indicates a minor correction rather than a trend reversal in a strong uptrend.

• Key support area: If the price breaks the immediate resistance at 1.3750, the next significant target would be the psychological level of 1.3800. Meanwhile, the recent low around 1.3600 also forms a minor support zone.

GBPUSD 2-hour Chart Analysis

• Corrective formation: GBPUSD outlook has turned bearish after peaking near 1.3760. The sharp sell-off broke through short-term and medium-term moving averages, signaling a momentum shift from bullish to bearish.

• Breakout scenarios: Breaking below the key 1.3600 support level would confirm further downside momentum. This could lead to a decline toward 1.3563 and possibly deeper losses. A bullish reversal requires price to stabilize above the 1.3607 before breaking back through 1.3695 resistance. Clearing that level would ease bearish momentum and potentially target the major 1.3740 resistance zone.

GBPUSD Pivot Indicator

• The Stochastic Oscillator displays a bearish crossover near overbought levels, indicating fading buying momentum in the corrective bounce and suggesting sellers may regain control, which supports the bearish outlook.

• Bearish Continuation: The ultimate confirmation would be a sustained break below the major support at 1.3572, which would likely trigger another wave of selling toward new lows.

• Range Consolidation: The price could become temporarily range-bound between the immediate support at ~1.3640 and the immediate resistance at ~1.3665 before the next significant move.

How to Navigate the Forex Market with Ultima Markets

To navigate the complex world of trading successfully, its imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you with valuable insights to empower your financial journey. For personalized guidance tailored to your specific financial situation, please do not hesitate to contact Ultima Markets.

Join Ultima Markets today and access a comprehensive trading ecosystem equipped with the tools and knowledge needed to thrive in the financial markets. Stay tuned for more updates and analyses from our team of experts at Ultima Markets.

—–

Legal Documents

Trading leveraged derivative products carries a high level of risk and may not be suitable for all investors. Leverage can magnify both gains and losses, potentially resulting in rapid and substantial capital loss. Before trading, carefully assess your investment objectives, level of experience, and risk tolerance. If you are uncertain, seek advice from a licensed financial adviser. Leveraged products are not intended for inexperienced investors who do not fully understand the risks or who are unable to bear the possibility of significant losses.

Copyright © 2025 Ultima Markets Ltd. All rights reserved.

Disclaimer

Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.