The Pound/Dollar GBP/USD currency pair continues to move within the downward trend and has exited the bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3517. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, indicating pressure from buyers of the currency pair and potential continued growth. At this point, we expect an attempt to further strengthen the British Pound against the US Dollar and test the resistance area near 1.3575. From there, we should expect another downward rebound and continued decline in the British Pound against the US Dollar. The target for the pair’s decline, as part of the Forex forecast, is 1.3275.
GBP/USD Forecast and Analysis for May 13, 2026
An additional signal supporting a decline in the currency pair will be a test of the trend line on the relative strength indicator (RSI). A second signal supporting a decline will be a rebound from the lower boundary of the bullish channel. A strong rally and a breakout of the resistance area, with the price consolidating above 1.3705, would cancel the downward trend for the GBP/Dollar pair. This would indicate a breakout of the upper boundary of the downward channel and continued growth of the GBP/USD exchange rate toward 1.3965. Expect confirmation of the pair’s decline with a breakout of the support area and a price close below 1.3345, which would indicate a breakout of the lower boundary of the bullish correction channel.
GBP/USD Forecast and Analysis for May 13, 2026 suggests an attempt to develop a bullish correction and test the resistance area near 1.3575. Then, a continued decline in quotes with a target near 1.3275. An additional signal for a decline in the British Pound would be a test of the resistance line on the relative strength indicator (RSI). A strong rise in the British Pound against the US Dollar and a breakout of 1.3705 would cancel the downward scenario. This would indicate a continued rise in the Forex pair with a potential target above 1.3965.
