The GBP/USD Pound Dollar currency pair continues to move within a strong decline and a descending channel. At the time of publication of the forecast, the GBP to US Dollar exchange rate on Forex is 1.3137. Moving averages indicate a short-term bearish trend. Prices have broken below the signal lines, indicating downward pressure on the currency pair and potential further decline. Currently, we expect an attempt to further weaken the British Pound against the US Dollar and test the support area near 1.3085. From there, we expect another upward rebound and continued growth in the British Pound against the US Dollar. The target for the pair’s upside, according to the Forex forecast, is 1.3245.
GBP/USD Forecast and Analysis for November 4, 2025
An additional signal for the pair’s upside will be a test of the trend line on the Relative Strength Index (RSI). A second signal for an upside move will be a rebound from the lower boundary of the descending channel. A decline and a breakout of the support area, with the price consolidating below 1.2945, would cancel out the upward trend for the GBP/USD pair. This will indicate a breakout of the support level and a continued decline in the GBP/USD pair toward 1.2735. Expect confirmation of the pair’s growth with a breakout of the resistance area and a price close above 1.3225, which would indicate a breakout of the upper boundary of the descending channel.
GBP/USD Forecast and Analysis for November 4, 2025 suggests an attempt to develop a bearish correction and test the support area near 1.3085. Subsequently, a continued rise in quotes with a target near 1.3245. An additional signal in favor of the British Pound’s growth would 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 breakout of 1.2945 would cancel out the upside scenario. This would indicate a continued decline in the Forex pair with a potential target below 1.2735.
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