The Pound/Dollar GBP/USD currency pair continues to move within the context of a strong correction and the formation of a Triangle pattern. At the time of publication of the forecast, the Pound/Dollar exchange rate on Forex is 1.3467. Moving averages indicate a short-term bullish trend. Prices have broken upwards through the area between the signal lines, indicating pressure from buyers of the currency pair and potential continued growth. At this point, we should expect an attempt at a bearish correction in the British Pound against the US Dollar and a test of the support area near 1.3435. From there, we should expect another upward rebound in the pair and continued growth in the British Pound against the US Dollar. The target for the pair’s upside, according to the Forex forecast, is 1.3570.
GBP/USD Forecast and Analysis for 6 August 2026
An additional signal in favor of the pair’s growth will be a test of the trend line on the relative strength indicator (RSI). A second signal in favor of a decline will be a rebound from the lower boundary of the Triangle pattern. A decline and a breakout of the support area, with the price consolidating below 1.3415, would cancel out the upward trend in the GBP/Dollar pair. This would indicate a breakout of the channel’s lower boundary and a continued decline in the GBP/USD exchange rate toward 1.3265. Expect confirmation of the pair’s growth with a breakout of the resistance area and a price close above 1.3505, which would indicate a breakout of the upper boundary of the Triangle pattern and the beginning of a pattern with targets above.
GBP/USD Forecast and Analysis for 6 August 2026 suggests an attempt to develop a bearish correction and test the support area near 1.3435. Then, continued growth with a target near 1.3570. An additional signal in favor of the British Pound’s rise would be a test of the support line on the relative strength indicator (RSI). A decline in the British Pound against the US Dollar and a breakout of 1.3415 would cancel out the upside scenario. This would indicate a continued decline in the Forex pair with a potential target below 1.3265.
