The GBP/USD currency pair is ending the trading week with a downward trend and the beginning of a Double Top reversal pattern near 1.3304. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, indicating buying pressure and potential continued growth in the British Pound against the US Dollar from current levels. Currently, we expect an attempt to further increase quotes and a test of the resistance area near 1.3285. Subsequently, a downward rebound and continued decline in GBP/USD quotes to below 1.2665 are expected.
GBP/USD Weekly Forecast November 3 – 7, 2025
An additional signal for a decline in the British Pound will be a test of the resistance line on the relative strength indicator. The second signal will be a rebound from the lower boundary of the Double Top reversal pattern. A strong rise in the GBP/USD pair and a breakout of the 1.3865 area will cancel out the downward trend for the week of November 3-7, 2025. This will indicate a breakout of the resistance area and continued growth above 1.4235. A breakout of the support area and a price close below 1.2905 will confirm the decline in the GBP/USD pair, indicating a breakout of the lower boundary of the bullish channel.
GBP/USD Weekly Forecast November 3 – 7, 2025 suggests an attempt to develop a bullish correction and test the resistance level near 1.3285. From this point, we should expect a continued decline in the currency pair with a target below 1.2665. A test of the trend line on the relative strength indicator (RSI) would be an additional signal of decline. A strong rally and a breakout of 1.3865 would cancel out the downside scenario for the GBP/USD pair. In this case, we should expect continued growth with a potential target above 1.4235.
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