The pound/dollar (GBP/USD) pair continues to be in a bullish correction phase inside the descending channel. At the time of writing the forecast, the exchange rate is 1.3161. Moving averages indicate the presence of a short-term bearish trend. Prices are again approaching the zone between the signal lines, which indicates continued pressure from sellers and the likelihood of a further decline in the asset. In the current situation, an attempt is expected to increase the British pound against the US dollar with a test of the resistance zone located near the level of 1.3205. After that, a new downward rebound is possible and the pair will continue to decline to the level of 1.3010 according to the forecast provided.
The forecast for GBP/USD for November 11, 2025 provides that an additional signal in favor of temporary growth may be a test of the trend line on the relative strength indicator (RSI). At the same time, a rebound from the upper boundary of the descending channel will confirm the likelihood of a resumption of the decline. The decline scenario will lose its relevance in the event of a steady growth of the pair with a breakdown of the resistance area and consolidation above the level of 1.3305, which will be a signal for continued upward movement up to the level of 1.3475. The expectation of further decline will be justified only if the supporting level breaks and closes below 1.3105, which will confirm the overcoming of the lower boundary of the bullish correction channel.
