The GBP/USD currency pair continues to move higher and is beginning to implement a Double Bottom reversal pattern. At the time of publication of this forecast, the GBP/USD exchange rate on Forex is 1.3228. Moving averages indicate a short-term bearish trend. Prices have broken above the area between the signal lines, indicating upward pressure from buyers of the currency pair and potential continued growth. Currently, we expect an attempt to further weaken the British Pound against the US Dollar and a test of the support area near 1.3215. From there, we expect another upward rebound and continued growth in the British Pound against the US Dollar. The target for the pair’s growth, according to the Forex forecast, is the 1.3365 level.
GBP/USD Forecast and Analysis for December 2, 2025
An additional signal in favor of the currency pair’s growth will be a test of the trend line on the relative strength indicator (RSI). A second signal in favor of an uptrend will be a rebound from the lower boundary of the bullish channel. A decline and a breakout of the support area with the price consolidating below 1.3175 will cancel the upward trend for the GBP/USD pair. This will indicate a breakout of the support level and a continuation of the GBP/USD decline toward 1.2965. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and a price close above 1.3305.
GBP/USD Forecast and Analysis for December 2, 2025 suggests an attempt at a bearish correction and a test of the support area near 1.3215. Subsequently, quotes will continue to rise with a target near 1.3365. An additional signal favoring a rise in the British Pound will be a test of the support line on the relative strength indicator (RSI). A decline in the British Pound against the US Dollar and a break of 1.3175 will cancel out the upside scenario. This will indicate a continued decline in the Forex pair with a potential target below 1.2965.
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