FX.co ★ GBP/USD Forecast for July 28, 2025

The British pound is strengthening its downward movement. The price is approaching the target support level at 1.3369, raising the question of whether the pound will be able to break through this support before the FOMC announces its rate decision.

The signal line of the Marlin oscillator has settled in the lower half of its own descending channel. With strong support from Marlin, the price could move below 1.3369, unless it encounters consolidation along this key axis.

On the four-hour chart, the price has secured a position below the MACD line, and the Marlin oscillator is ready to continue its decline. We are waiting for the 1.3369 support to be tested, after which we will take a wait-and-see approach.