The GBP/USD Pound Dollar currency pair continues to move as part of its upward trend and the beginning of a Double Bottom reversal pattern. At the time of publication of this forecast, the British Pound to US Dollar exchange rate on Forex is 1.3373. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, indicating selling pressure on the currency pair and potential continued decline. At this point, we should expect an attempt to further weaken the British Pound against the US Dollar and a test of the support area near 1.3335. From there, we should 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 1.3585.
GBP/USD Forecast and Analysis for October 16, 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 upper boundary of the descending channel. A decline and a breakout of the support area with a price consolidation below 1.3205 would cancel the upward trend for the GBP/USD pair. This would indicate a breakout of the support level and a continuation of the GBP/USD decline toward 1.2985. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and a price close above 1.3425, which would indicate a breakout of the upper boundary of the descending channel.
GBP/USD Forecast and Analysis for October 16, 2025 suggests an attempt to develop a bearish correction and a test of the support area near 1.3335. Subsequently, a continued rise in quotes with a target near 1.3585. 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 upside scenario would be cancelled if the British Pound falls against the US Dollar and breaks below 1.3205. This would indicate a continued decline in the Forex pair, with a potential target below 1.2985.
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