The GBP/USD currency pair ends the trading week in a downward trend, currently forming a “Triangle” pattern. At the time of this forecast, the British Pound to US Dollar exchange rate stands at 1.3237. Moving averages indicate a bearish trend. Prices have broken below the area between the signal lines, signaling pressure from sellers and a potential continued decline for the British Pound against the US Dollar from current levels. In the near term, we may see an attempt at a bullish correction, with a test of the resistance area near 1.3405. This would likely be followed by a downward rebound and a continued decline in the GBP/USD pair toward levels below 1.2625.
GBPUSD Weekly Forecast November 16 – 20, 2026
An additional signal supporting a decline in the British Pound is a test of the resistance line on the Relative Strength Index (RSI). A second signal would be a rebound from the upper boundary of the descending channel. The bearish scenario for the week of November 16–20, 2026, would be invalidated by a strong rally that breaks through the 1.3705 level; such a move would signify a breakout above the resistance zone and point toward further gains, potentially reaching levels above 1.3975. A confirmation of the decline in the GBP/USD pair would be a break below the support zone, with the price closing beneath 1.3075—indicating a breach of the lower boundary of the “Triangle” pattern and the activation of the pattern’s downward targets.
GBPUSD Weekly Forecast November 16 – 20, 2026 suggests an attempt at a bullish correction, testing the resistance level near the 1.3405 area. From there, a resumption of the decline is expected, with a target below the 1.2625 area. An additional signal supporting a downward move would be a test of the trend line on the Relative Strength Index (RSI) indicator. The bearish scenario for the GBP/USD pair would be invalidated if the price rises and breaks through the 1.3705 level; in that case, a continued ascent could be expected, with a potential target above 1.3975.
