The GBP/USD currency pair continues to move within a strong decline and a descending channel. At the time of publication of this forecast, the GBP/USD exchange rate on Forex is 1.3156. Moving averages indicate a short-term bearish trend. Prices have broken below the signal lines, indicating downward pressure from sellers of the currency pair and potential further decline. Currently, we expect an attempt to further weaken the British Pound against the US Dollar and a test of the support area near 1.3105. 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, as per the Forex forecast, is 1.3245.
GBP/USD Forecast and Analysis for October 31, 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 uptrend will be a rebound from the lower boundary of the descending channel. A decline and a breakout of the support area with a price consolidation below 1.3005 would cancel out 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 1.2745. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and a price close above 1.3245, which would indicate a breakout of the upper boundary of the descending channel.
GBP/USD Forecast and Analysis for October 31, 2025 suggests an attempt to develop a bearish correction and a test of the support area near 1.3105. Then, a continued rise in quotes with a target near 1.3245 is expected. A test of the support line on the relative strength indicator (RSI) will be an additional signal in favor of a rise in the British Pound. A decline in the British Pound against the US Dollar and a break of 1.3005 will cancel out this upward trend. This will indicate a continued decline in the Forex pair with a potential target below 1.2745.
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