The GBP/USD currency pair continues to move within a growing trend and a descending channel. At the time of publication of this forecast, the GBP/USD exchange rate on Forex is 1.3556. Moving averages indicate a short-term bullish 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 and a test of the support area near 1.3495. From there, we 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, as per the Forex forecast, is 1.3715.
GBP/USD Forecast and Analysis for February 26, 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 an uptrend will be a rebound from the lower boundary of the bullish channel. A decline and a breakout of the support area with a price consolidation below 1.3405 would cancel out the upward trend for the GBP/USD pair. This would indicate a breakout of the support level and a continuation of the GBP/USD decline toward 1.3225. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and a price close above 1.3615, which would indicate a breakout of the upper boundary of the downward correction channel.
GBP/USD Forecast and Analysis for February 26, 2026 suggests an attempt to develop a bearish correction and a test of the support area near 1.3495. Then, quotes are expected to continue rising with a target near 1.3715. A test of the support line on the relative strength indicator (RSI) will be an additional signal in favor of a rise in the British pound. A decline in the British pound against the US dollar and a break of 1.3405 will cancel out the upside scenario. This will indicate a continued decline in the Forex pair with a potential target below 1.3225.
