The GBP/USD currency pair continues to move higher and form a Double Top reversal pattern. At the time of publication of this forecast, the GBP/USD exchange rate on Forex is 1.3673. Moving averages indicate a short-term bullish 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 and a test of the resistance area near 1.3775. From there, we expect another downward rebound and a continued decline in the British Pound against the US Dollar. The target for the pair’s decline, according to the Forex forecast, is the 1.3515 level.
GBP/USD Forecast and Analysis for September 18, 2025
An additional signal in favor of a decline in the currency pair will be a test of the trend line on the relative strength indicator (RSI). A second signal in favor of a decline will be a rebound from the upper boundary of the Double Top reversal pattern. A strong rally and a breakout of the resistance area with the price consolidating above 1.3845 will cancel out the downward trend for the GBP/USD pair. This will indicate a breakout of the resistance level and continued growth of the GBP/USD pair toward 1.3995. Confirmation of the pair’s decline should be expected with a breakout of the support area and a price close below 1.3605, which will indicate a breakout of the lower boundary of the bullish channel.
GBP/USD Forecast and Analysis for September 18, 2025 suggests an attempt to continue the rally and test the resistance area near 1.3775. This will be followed by a continued decline with a target near 1.3515. An additional signal favoring 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 1.3845 will cancel out the downward trend. This will indicate a continued rally in the Forex pair with a potential target above 1.3995.
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