The Pound/Dollar GBP/USD currency pair continues to move within a developing correction and bullish channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3495. 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 to continue the decline of 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 and continued growth of the British Pound against the US Dollar. The target for the pair’s upside, according to the Forex forecast, is 1.3765.
GBP/USD Forecast and Analysis for April 22, 2026
An additional signal in favor of the currency 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 bullish channel. A decline and a breakout of the support area with a consolidation below 1.3365 would cancel the upward trend for the GBP/Dollar pair. This would indicate a breakout of the lower boundary of the bullish channel and a continuation of the decline of the GBP/Dollar pair towards 1.3175. Expect confirmation of the pair’s growth with a breakout of the resistance area and a price close above 1.3665, which would indicate a breakout of the upper boundary of the descending channel.
GBP/USD Forecast and Analysis for April 22, 2026 suggests an attempt to develop a bearish correction and test the support area near 1.3435. Then, continued growth with a target near 1.3765. 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 1.3365 would cancel out this upside scenario. This would indicate a continued decline in the Forex pair with a potential target below 1.3175.
