The GBP/USD Pound Dollar currency pair continues to move within a declining and descending channel. At the time of publication of the forecast, the GBP to US Dollar exchange rate on Forex is 1.3382. 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 strengthen the British Pound against the US Dollar exchange rate and test the resistance area near 1.3405. From there, we expect another downward rebound and continued decline in the British Pound against the US Dollar. The target for the pair’s decline, according to the Forex forecast, is 1.3305.
GBP/USD Forecast and Analysis for October 9, 2025
An additional signal for the currency pair to decline will be a test of the trend line on the relative strength indicator (RSI). A second signal for the decline will be a rebound from the upper boundary of the descending channel. A strong rally and a breakout of the resistance area, with the price consolidating above 1.3465, would cancel out the downward scenario for the GBP/USD currency pair. This will indicate a breakout of the resistance level and continued growth in the GBP/USD pair toward 1.3585. Expect confirmation of the pair’s decline with a breakout of the support area and a price close below 1.3335.
GBP/USD Forecast and Analysis for October 9, 2025 suggests an attempt to develop a bullish correction and test the resistance area near 1.3405. Subsequently, a continued decline in quotes with a target near 1.3305. An additional signal for a decline in the British Pound will be a test of the resistance line on the relative strength indicator (RSI). A strong rise in the British Pound against the US Dollar and a breakout of 1.3465 would cancel the downward trend. This would indicate a continued rise in the Forex pair with a potential target above 1.3585.
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