The GBP/USD currency pair is ending the trading week as a correction develops and a Double Top reversal pattern begins to materialize near 1.3232. Moving averages indicate a bullish trend. Prices have broken below the signal lines, indicating selling pressure and a potential continuation of the decline in the British Pound against the US Dollar from current levels. Currently, we expect an attempt to increase quotes and a test of the resistance area near 1.3385. Subsequently, a downward rebound and a continued decline in GBP/USD quotes to below 1.2515 are expected.
GBP/USD Weekly Forecast December 1 – 5, 2025
An additional signal favoring a decline in the British Pound will be a test of the resistance line on the relative strength indicator. A second signal will be a rebound from the upper boundary of the descending channel. A strong rally and a breakout of the 1.3675 area would cancel the GBP/USD downside scenario for the week of December 1-5, 2025. This would indicate a breakout of the resistance area and continued growth above 1.4185. A breakout of the support area and a price close below 1.2905 would confirm the GBP/USD downside scenario.
GBP/USD Weekly Forecast December 1 – 5, 2025 suggests an attempt to develop a bullish correction and test the resistance level near 1.3385. From this point, we should expect continued decline in the currency pair with a target below 1.2515. A test of the trend line on the relative strength indicator would serve as an additional signal for a decline. A strong rally and a breakout of the 1.3675 area would cancel the GBP/USD downside scenario. In this case, we should expect the pair to continue rising, with a potential target above 1.4185.
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