The GBP/USD currency pair is ending the trading week with a downward trend and a Double Top reversal pattern forming near 1.3474. 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 1.3475. Subsequently, a downward rebound and continued decline in GBP/USD quotes to below 1.2585 are expected.
GBP/USD Weekly Forecast September 29 — October 3, 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 upper boundary of the Double Top reversal pattern. A strong rise in quotes and a breakout of the 1.3865 area will cancel out the GBP/USD decline this week (September 29 – October 3, 2025). This will indicate a breakout of the resistance area and continued growth above 1.4175. A breakout of the support area and a price close below 1.3125 will confirm the GBP/USD decline, signaling a breakout of the lower boundary of the Double Top reversal pattern and the beginning of the pattern’s implementation with targets below.
GBP/USD Weekly Forecast September 29 — October 3, 2025 suggests an attempt to develop a bullish correction and test the resistance level near 1.3475. From this point, we should expect a continued decline in the currency pair with a target below 1.2585. 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 1.4175.
