The GBP/USD Pound Dollar currency pair continues to move within a growing and descending channel. At the time of publication of the forecast, the GBP to US Dollar exchange rate on Forex is 1.3430. 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 further decline. Currently, we expect an attempt to further weaken the British Pound against the US Dollar and test the support area near 1.3405. 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 1.3635.
GBP/USD Forecast and Analysis for October 17, 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 will be a rebound from the upper boundary of the descending channel. A decline and a breakout of the support area, with the price consolidating below 1.3335, would cancel out the upward trend for the GBP/USD pair. This will indicate a breakout of the support level and a continuation of the decline in the GBP/USD pair toward 1.3145. Expect confirmation of the pair’s growth with a breakout of the resistance area and a price close above 1.3485, which would indicate a breakout of the upper boundary of the descending channel.
GBP/USD Forecast and Analysis for October 17, 2025 suggests an attempt to develop a bearish correction and test the support area near 1.3405. Then, a continuation of the rise in quotes with a target near 1.3635. An additional signal in favor of the British Pound’s growth will be a test of the support line on the relative strength indicator (RSI). This upside scenario will be cancelled out by a decline in the British Pound against the US Dollar and a breakout of 1.3335. This will indicate a continued decline in the Forex pair with a potential target below the level of 1.3145.
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