The Pound/Dollar GBP/USD currency pair continues to move within a developing bullish correction and a descending channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3427. 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 a potential further decline in the instrument. Currently, we expect an attempt to further strengthen the British Pound against the US Dollar and test the resistance area near 1.3475. 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 per the Forex forecast, is 1.3165.
GBP/USD Forecast and Analysis for May 19, 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 upper boundary of the bearish channel. A strong rally and a breakout of the resistance area, with the price consolidating above 1.3675, would cancel the downward trend in the GBP/Dollar pair. This would indicate a breakout of the upper boundary of the downward channel and continued growth in the GBP/USD exchange rate towards 1.3965. Expect confirmation of the pair’s decline with a breakout of the support area and a price close below 1.3405.
GBP/USD Forecast and Analysis for May 19, 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 1.3165. An additional signal favoring 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 scenario. This would indicate a continued rise in the Forex pair with a potential target above 1.3965.
