The GBP/USD currency pair continues to move within a developing correction and forming a Head and Shoulders reversal pattern. At the time of publication of this forecast, the GBP/USD exchange rate on Forex is 1.3661. Moving averages indicate a short-term bearish trend. Prices have broken above the signal lines, indicating buying pressure on the currency pair and potential continued growth. Currently, we expect an attempt to develop a bearish correction in the British Pound against the US Dollar exchange rate and a test of the support area near 1.3595. 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 1.3815 level.
GBP/USD Forecast and Analysis for February 12, 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 Head and Shoulders reversal pattern. A decline and a breakout of the support area with the price consolidating below 1.3645 will cancel out the upward trend in the GBP/USD pair. This will indicate a breakout of the support level and a continuation of the GBP/USD decline toward 1.3415. Expect confirmation of the pair’s growth with a breakout of the resistance area and a price close above 1.3715, which will indicate a breakout of the upper boundary of the reversal pattern and the beginning of the pattern’s implementation with targets above.
GBP/USD Forecast and Analysis for February 12, 2026 suggests an attempt to develop a bearish correction and test the support area near 1.3595. Then, continued growth is expected with a target near 1.3815. 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 breakout of 1.3645 would invalidate this upward trend. This would indicate continued decline in the Forex pair with a potential target below 1.3415.
