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 1.3113. 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 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 1.3205. From there, we should expect another downward rebound and continued decline in the British Pound against the US Dollar currency pair. The target for the pair’s downside, according to the Forex forecast, is 1.2875.
GBP/USD Forecast and Analysis for November 7, 2025
An additional signal for the currency pair to rise 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 upper boundary of the bearish channel. A strong rally and a breakout of the resistance area, with the price consolidating above 1.3325, would cancel out the downward scenario for the GBP/USD currency pair. This will indicate a breakout of the resistance level and continued growth in the GBP/USD pair toward 1.3485. Expect confirmation of the pair’s decline with a breakout of the support area and a price close below 1.3035.
GBP/USD Forecast and Analysis for November 7, 2025 suggests an attempt to develop a bullish correction and test the resistance area near 1.3205. Then, continued declines with a target near 1.2875. 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 1.3325 would cancel the downward trend. This would indicate a continued rise in the Forex pair with a potential target above 1.3485.
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