The Pound/Dollar GBP/USD currency pair continues to move within a growing trend and a bullish channel. At the time of publication of this forecast, the Pound/US Dollar exchange rate on Forex is 1.3779. Moving averages indicate a short-term bullish trend. Prices have broken above the area between the signal lines, indicating upward pressure from buyers of the currency pair and potential continued growth. At this point, we should expect an attempt to correct the British Pound against the US Dollar and test the support area near 1.3725. From there, we should expect another upward rebound and continued growth in the British Pound against the US Dollar. The target for the pair’s upside, according to the Forex forecast, is 1.3885.
GBP/USD Forecast and Analysis for January 28, 2026
An additional signal for the pair’s upside will be a test of the trend line on the relative strength indicator (RSI). A second signal for an upside 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 1.3665, would cancel out the upward trend for the GBP/USD pair. This would indicate a breakout of the support level and a continued decline in the GBP/USD pair toward 1.3535. Expect confirmation of the pair’s growth with a breakout of the resistance area and a price close above 1.3855.
GBP/USD Forecast and Analysis for January 28, 2026 suggests an attempt to extend the decline and test the support area near 1.3725. Subsequently, continued growth is expected with a target near 1.3885. An additional signal in favor of the British Pound’s rise would 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 1.3665 would cancel the upward trend. This would indicate a continued decline in the Forex pair with a potential target below 1.3535.
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