The GBP/USD currency pair (Pound to Dollar) continues to move within the framework of a bullish correction and a descending channel. At the time of the current analysis, the exchange rate is 1.3161. The moving averages still point to a short-term bearish trend. The price is again approaching the area between the signal lines, which demonstrates the pressure from sellers and creates the prerequisites for a further decline in the instrument.
In the current situation, an attempt to strengthen the British pound against the US dollar is expected with a test of the resistance level around 1.3185. However, from this level, we can expect a downward price reversal and a resumption of the downward movement. As part of the forecast, the target level of decline of the currency pair is set at 1.2885.
The GBP/USD forecast for November 12, 2025 also includes additional signals. A positive factor for possible growth will be testing the trend line on the relative strength indicator (RSI). At the same time, a rebound from the upper boundary of the bearish channel will be a signal in favor of continuing the decline. The decline scenario will be canceled in case of a steady growth of the pair with a breakdown of the resistance zone and price consolidation above the level of 1.3315. In this case, we can expect a further increase in quotations to the level of 1.3475. The breakdown of the support area and the closing of the price below level 1 will serve as confirmation of the continuation of the decline.3105, which will signal an exit from the bullish correction zone and further decline.
