The GBP/USD currency pair is ending the trading week with a downward trend and the beginning of a Double Top reversal pattern near 1.3152. 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 1.3315. Subsequently, a downward rebound and a continued decline in GBP/USD quotes to below 1.2575 are expected.
GBP/USD Weekly Forecast November 17 – 21, 2025
An additional signal for the British Pound to decline will be a test of the resistance line on the relative strength indicator. The second signal will be a rebound from the upper boundary of the descending channel. A strong rise in quotes and a breakout of the 1.3555 area will cancel out the GBP/USD downside scenario for the current week (November 17-21, 2025). This will indicate a breakout of the resistance area and continued growth above 1.3935. A breakout of the support area and a price close below 1.2875 will confirm the GBP/USD downside.
GBP/USD Weekly Forecast November 17 – 21, 2025 suggests an attempt to develop a bullish correction and test the resistance level near 1.3315. From there, we should expect continued decline in the currency pair with a target below 1.2575. A test of the trend line on the relative strength indicator (RSI) will serve as an additional signal for a decline. A strong rally and a breakout of 1.3555 would cancel out the downside scenario for the GBP/USD pair. In this case, we should expect continued upward movement with a potential target above 1.3935.
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