The Pound/Dollar GBP/USD currency pair continues to move within the aggressive decline and has exited the bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3402. Moving averages indicate a short-term bullish trend. Prices have broken below the area between the signal lines, indicating downward pressure from sellers of the currency pair and potential further decline. Currently, we expect an attempt to further strengthen the British Pound against the US Dollar exchange rate and test the resistance area near 1.3475. From there, we expect another downward rebound and continued decline in the British Pound against the US Dollar currency pair. The target for the pair’s decline, according to the Forex forecast, is 1.3235.
GBP/USD Forecast and Analysis for May 15, 2026
An additional signal for a decline in the currency pair will be a test of the trend line on the relative strength indicator (RSI). A second signal for 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 1.3675, would cancel the downward trend for the GBP/USD currency pair. This will indicate a breakout of the upper boundary of the descending 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.
GBP/USD Forecast and Analysis for May 15, 2026 suggests an attempt to develop a bullish correction and test the resistance area near 1.3475. Then, a continued decline in quotes with a target near 1.3235. An additional signal for a decline in the British Pound will 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 1.3675 would cancel the downward trend. This would indicate a continued rise in the Forex pair with a potential target above 1.3965.
