GBPUSD on the rise: September Fed decision could trigger a breakout
Ahead of the Federal Reserve’s interest rate decision, the pound continues to strengthen against the USD, with the GBPUSD rate possibly reaching 1.3570. Discover more in our analysis for 13 August 2025.
GBPUSD technical analysis
Having tested the upper Bollinger Band, GBPUSD formed a Harami reversal pattern on the H4 chart. At this stage, the pair may develop a corrective wave following the signal from the pattern. Given that the price remains within a descending channel, the corrective wave could extend further.
The market is awaiting the Federal Reserve’s decision, while GBPUSD technical analysis suggests a correction towards the 1.3445 support level before further growth.
Read more - GBPUSD Forecast
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