GBP/USD Tags Major Support, Upside Likely

Published At: Aug 02, 2025 by Gareth Soloway
GBP/USD Tags Major Support, Upside Likely

The GBP/USD retraced to major support on Friday, August 1st. This signals upside is likely now in the GBP/USD. Following the Non Farm Payrolls Report, expectations are for multiple rate cuts before year end.

Trading involves substantial risk. All content is for educational purposes only and should not be considered financial advice or recommendations to buy or sell any asset. Read full terms of service.

Sponsor
Paramount Pixel Lead