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03.04.202505:07 Forex Analysis & Reviews: GBP/USD Forecast for April 3, 2025

GBP/USD

Yesterday, Trump's sweeping tariffs on U.S. trading partners impacted the UK at the lowest rate—just 10%. In contrast, tariffs on EU goods were set at 20% and on Japanese goods at 24%.

Exchange Rates 03.04.2025 analysis

Naturally, this is good news for the UK, and the British pound already broke above the first target resistance at 1.3001 yesterday. Now, the next target, 1.3101, is within reach. We can also note that the following target will be the 1.3184 level and, after that, 1.3311. On the daily timeframe, the Marlin oscillator has confidently moved into positive territory, supporting further growth in the pound.

Exchange Rates 03.04.2025 analysis

On the H4 chart, the oscillator shows a powerful uptrend, so a pullback may occur as the price approaches resistance at 1.3101. After the correction, a new attempt to break through resistance is expected.

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2025
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