The GBP/USD currency pair continues to move within a developing correction and a bullish channel. At the time of publication of this forecast, the GBP/USD exchange rate on Forex is 1.3414. 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. Currently, we expect an attempt to further weaken the British Pound against the US Dollar and a test of the support area near 1.3395. From here, 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 the 1.3605 level.
GBP/USD Forecast and Analysis for April 9, 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 bullish channel. A decline and a breakout of the support area with the price consolidating below 1.3305 will cancel out the upward trend for the GBP/Dollar pair. This will indicate a breakout of the lower boundary of the bullish channel and a continued decline in the GBP/Dollar pair toward 1.3165. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and a price close above 1.3485.
GBP/USD Forecast and Analysis for April 9, 2026 suggests an attempt at a bearish correction and a test of the support area near 1.3395. Subsequently, quotes will continue to rise with a target near 1.3605. An additional signal favoring a rise in the British Pound will 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 break of 1.3305 will cancel out the upside scenario. This will indicate a continued decline in the Forex pair with a potential target below 1.3165.
