Hello, dear traders! 👋 As we approach the end of 2024, it’s the perfect opportunity to review key global charts and prepare for an exciting trading journey in 2025. Let’s dive into one of the most intriguing setups right now—GBPUSD!

GBPUSD Market Predictions for 2025 Insights from GuriForex:

The GBPUSD currency pair is currently exhibiting signs of weakness, primarily characterized by the formation of a bearish rising wedge pattern. This technical pattern is recognized as a classic reversal setup, signaling a potential shift in the prevailing trend. The bearish confirmation has materialized as the price action has decisively broken below the lower trendline of the wedge formation.

Additionally, it is worth noting that the market has witnessed six consecutive daily candlestick closes beneath the wedge’s lower boundary. This consistent closure reinforces the bearish momentum in the market and suggests a growing inclination among traders to sell this currency pair. Such behavior underscores the potential for further downward movement in GBPUSD in the near future.

📊 What’s Next?

The market is at a pivotal point, and the next moves are critical:

 🔴 Bearish Scenario:

If GBPUSD continues to trade below the wedge pattern, the bearish momentum could intensify, dragging the price down to the 1.2050 target—a significant support level.

🟢 Bullish Reversal:

On the other hand, if GBPUSD reclaims the wedge and breaks above the 1.2800 resistance, we may witness a strong rally towards 1.3040, a key psychological level.

💡 Plan Ahead

As we step into 2025, now is the time to refine your trading strategy and align it with evolving market trends. Whether GBPUSD moves towards 1.2050 or climbs back to 1.3040, having a plan will ensure you stay ahead of the market.

🚀 Together, we’ve got this! Let’s make 2025 a year of winning trades and smart decisions.

What’s your take on this setup?
❤️ — GBPUSD will rally to 1.3040
🔥 — GBPUSD will drop to 1.2050

Let us know your thoughts in the comments! 💬