The GBP/USD Pound Dollar currency pair continues to move as part of its downward trend and the formation of a “Wolfe Wave” pattern. At the time of publication of this forecast, the British Pound to US Dollar exchange rate on Forex is 1.3296. Moving averages indicate a short-term bearish trend. Prices have broken above the area between the signal lines, indicating upward pressure from buyers of the currency pair and potential continued growth. Currently, we expect an attempt to continue the decline in the British Pound against the US Dollar exchange rate and a test of the support area near 1.3245. From there, we expect another upward rebound and continued growth in the British Pound against the US Dollar currency pair. The target for the pair’s upside, according to the Forex forecast, is 1.3525.
GBP/USD Forecast and Analysis for October 10, 2025
An additional signal in favor of the currency pair’s growth will be a test of the trend line on the relative strength indicator (RSI). A second signal in favor of an upside will be a rebound from the lower boundary of the bullish “Wolfe Wave” pattern. The GBP/USD currency pair’s upward trend would be cancelled if it falls and breaks the support area, with the price closing below 1.3135. This would indicate a breakout of the support level and a continuation of the GBP/USD decline toward 1.2975. Confirmation of the pair’s upward trend should be expected with a breakout of the resistance area and a price close above 1.3375.
GBP/USD Forecast and Analysis for October 10, 2025 suggests an attempt to develop a bearish correction and test the support area near 1.3245. Then, a continued rise in quotes with a target near 1.3525. 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). The upward trend would be cancelled if the British Pound declined against the US Dollar and broke the 1.3135 area. This will indicate a continued decline in the Forex pair with a potential target below the level of 1.2975.
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