The GBP/USD Pound Dollar currency pair continues to move within the upward trend and has broken out of the downward correction channel. At the time of publication of the forecast, the GBP to US Dollar exchange rate on Forex is 1.3665. Moving averages indicate a short-term bearish trend. Prices have broken above the area between the signal lines, indicating buying pressure on the currency pair and potential continued growth. Currently, we expect an attempt at a bearish correction in the British Pound against the US Dollar exchange rate and a test of the support area near 1.3625. From there, we expect another upward rebound and continued growth in the British Pound against the US Dollar currency pair. The target for the pair’s upside, according to the Forex forecast, is 1.3875.
GBP/USD Forecast and Analysis for February 10, 2026
An additional signal for the currency pair to rise will be a test of the trend line on the relative strength indicator (RSI). A second signal for the downside will be a rebound from the upper boundary of the bearish channel. A decline and a breakout of the support area, with the price consolidating below 1.3475, would cancel out the upward trend for the GBP/USD currency pair. This will indicate a breakout of the support level and a continued decline in the GBP/USD pair toward 1.3365. Expect confirmation of the pair’s growth with a breakout of the resistance area and a price close above 1.3705.
GBP/USD Forecast and Analysis for February 10, 2026 suggests an attempt to develop a bearish correction and test the support area near 1.3625. Then, continued growth with a target near 1.3875. An additional signal in favor of an uptrend for 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 breakout of 1.3475 would cancel this uptrend. This would indicate a continued decline in the Forex pair with a potential target below 1.3365.
