The GBP/USD Pound Dollar currency pair continues to move within the context of growth and the formation of a “Triangle” pattern. At the time of publication of the forecast, the GBP to US Dollar exchange rate on Forex is 1.3482. Moving averages indicate a short-term bearish trend. Prices have broken above the area between the signal lines, indicating buying pressure on the currency pair and potential continued growth. Currently, we expect an attempt to further weaken the British Pound against the US Dollar and test the support area near 1.3435. 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 1.3615.
GBP/USD Forecast and Analysis for October 7, 2025
An additional signal for the currency pair’s growth will be a test of the trend line on the Relative Strength Index (RSI). A second signal for the downside will be a rebound from the lower boundary of the Triangle pattern. A decline and a breakout of the support area, with the price consolidating below 1.3375, would cancel out the upward trend for the GBP/USD pair. This will indicate a breakout of the support level and a continued decline in the GBP/USD pair toward 1.3185. Expect confirmation of the pair’s growth with a breakout of the resistance area and a price close above 1.3510, which would indicate a breakout of the upper boundary of the Triangle pattern and the beginning of a pattern with targets above.
GBP/USD Forecast and Analysis for October 7, 2025 suggests an attempt to develop a bearish correction and test the support area near 1.3435. Subsequently, continued growth with a target near 1.3615. An additional signal in favor of the British Pound’s rise would be a test of the support line on the relative strength indicator (RSI). A decline in the British Pound against the US Dollar and a breakout of 1.3375 would cancel out the upside scenario. This will indicate a continued decline in the Forex pair with a potential target below the level of 1.3185.
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