The Pound/Dollar GBP/USD currency pair is ending the trading week with a downward trend and the formation of a Triangle 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 1.3545. Subsequently, a downward rebound and continued decline in Pound/Dollar quotes to below 1.2805 are expected.
GBP/USD Weekly Forecast October 27 – 31, 2025
An additional signal for the British Pound to decline 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 Triangle pattern. A strong rally and a breakout of the 1.3865 area would cancel out the GBP/USD decline this week (October 27-31, 2025). This would indicate a breakout of the resistance area and continued growth above 1.4175. A breakout of the support area and a price close below 1.3065 would confirm the GBP/USD decline, signaling a breakout of the lower boundary of the Triangle pattern and the beginning of a pattern with targets below.
GBP/USD Weekly Forecast October 27 – 31, 2025 suggests an attempt to develop a bullish correction and test the resistance level near 1.3545. From this point, we should expect continued decline in the currency pair with a target below 1.2805. A test of the trend line on the relative strength indicator would serve as an additional signal of decline. A strong rally and a breakout of 1.3865 would cancel the downward trend for the GBP/USD pair. In this case, we should expect continued upward movement with a potential target above 1.4175.
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