The GBP/USD currency pair continues to move within a downward trend and a descending channel. At the time of publication of this forecast, the GBP/USD exchange rate on Forex is 1.3027. Moving averages indicate a short-term bearish trend. Prices have broken below the area between the signal lines, indicating downward pressure from sellers of the currency pair and potential continued decline. Currently, we expect an attempt to further strengthen the British Pound against the US Dollar and a test of the resistance area near 1.3085. From there, we 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 1.2895.
GBP/USD Forecast and Analysis for November 6, 2025
An additional signal supporting the pair’s growth 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 a price consolidation above 1.3165 would cancel out the downward trend for the GBP/USD pair. This would indicate a breakout of the resistance level and continued growth of the GBP/USD pair toward 1.3325. Confirmation of the pair’s decline should be expected with a breakout of the support area and a price close below 1.2945, which would indicate a breakout of the lower boundary of the bearish channel.
GBP/USD Forecast and Analysis for November 6, 2025 suggests an attempt to develop a bullish correction and a test of the resistance area near 1.3085. Then, a continued decline in quotes with a target near 1.3245 is expected. A test of the resistance line on the relative strength indicator (RSI) will be an additional signal for a decline in the British pound. A strong rise in the British pound against the US dollar and a breakout of 1.2945 will cancel out this downward scenario. This will indicate a continued rise in the Forex pair with a potential target above 1.2735.
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