The GBP/USD currency pair continues to move within a developing correction and forming a “Wedge” reversal pattern. At the time of publication of this forecast, the GBP/USD exchange rate on Forex is 1.3432. Moving averages indicate a short-term bullish trend. Prices have broken below the area between the signal lines, indicating downward pressure from sellers of the currency pair and potential further decline. Currently, we expect an attempt to develop a correction in the British Pound against the US Dollar exchange rate and a test of the support area near 1.3365. From there, we expect another upward rebound in the pair and continued growth of the British Pound against the US Dollar. The target for the pair’s upside, as per the Forex forecast, is the area around 1.3605.
GBP/USD Forecast and Analysis for January 14, 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 Wedge reversal pattern. A decline and a breakout of the support area with the price consolidating below 1.3285 will cancel out the upward trend for the GBP/USD pair. This will indicate a breakout of the support level and a continuation of the GBP/USD decline toward 1.3075. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and a price close above 1.3525, which will indicate a breakout of the upper boundary of the Wedge reversal pattern and the beginning of the pattern’s implementation with targets above.
GBP/USD Forecast and Analysis for January 14, 2026 suggests an attempt to extend the decline and test the support area near 1.3365. Subsequently, the pair 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 breakout of 1.3285 will cancel out the upward trend. This will indicate a continued decline in the Forex pair, with a potential target below 1.3075.
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