GBPUSD Analysis: Pound Finally Fell Back

In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for June 17th, 2025.

Fundamental Analysis of GBPUSD

GBPUSD Key Takeaways

• The return of the dollar’s safe-haven status: After Israel launched an attack on Iran and triggered Iran’s retaliation, investors re-bought the US dollar, and the US dollar recorded its largest single-day gain in a month. The US dollar is returning to its traditional safe-haven role, but if the situation eases over the weekend, this boost may not last long.
• BOE rate decision: The number of employed people in the UK in May fell by the largest amount since 2020, and the Bank of England still expects two interest rate cuts this year. The market is paying attention to the wording of the Bank of England tomorrow on whether there is forward guidance for interest rate cuts in the third and fourth quarters.

Technical Analysis of GBPUSD

GBPUSD Daily Chart Insights

• MA signal: The EMA MA system is still in a bullish arrangement overall, indicating that the market’s upward trend foundation since the beginning of the year is still there. However, the price has clearly fallen below the purple 13EMA recently and is seeking support from below. The recent candlesticks have large real bodies, indicating that the short-term strength has increased and the market is in a correction phase for the previous rise.
• Key support area: The red horizontal lines 1.34344 and 1.34637 constitute a crucial support area. This area was a strong resistance in September 2024 and April 2025, and turned into support after being broken (“resistance becomes support”). Whether this area can be held is crucial to the future direction.

GBPUSD 2-hour Chart Analysis

• Stochastic oscillator: The indicators have all penetrated into the extremely oversold area below 20. At present, the %K line has a slight upward hook and is trying to cross the %D line. The golden cross signal formed in the extremely oversold area usually indicates that the market may have a technical rebound or a decline in momentum in the short term, especially when the price hits an important support level.
• MA signal: The three MAs currently form a clear short arrangement signal. After breaking through these key MAs, the price accelerated downward. At present, all MAs are above the price, forming layers of resistance.

GBPUSD Pivot Indicator

• According to the trading central in Ultima Markets APP, the central price of the day is established at 1.3490,
• Bullish Scenario: Bullish sentiment prevails above 1.3490, first target 1.3535, second target 1.3580;
• Bearish Outlook: In a bearish scenario below 1.3490, first target 1.3390, second target 1.3340.

How to Navigate the Forex Market with Ultima Markets

To navigate the complex world of trading successfully, it’s 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

Ultima Markets, a trading name of Ultima Markets Ltd, is authorized and regulated by the Financial Services Commission “FSC” of Mauritius as an Investment Dealer (Full-Service Dealer, excluding Underwriting) (license No. GB 23201593). The registered office address: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.

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.