The GBP/USD currency pair continues to move within a strong upward trend and a bullish channel. At the time of publication of this forecast, the GBP/USD exchange rate on Forex is 1.3528. 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 further growth. Currently, we expect an attempt to further strengthen the British Pound against the US Dollar and a test of the support area near 1.3420. From there, we expect another upward rebound and continued growth in the British Pound against the US Dollar. The target for the pair’s upside, as per the Forex forecast, is 1.3745.
GBP/USD Forecast and Analysis for January 6, 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 1.3305 would cancel the upward trend for the GBP/USD pair. This would indicate a breakout of the support level and a continuation of the decline of the GBP/USD pair toward 1.3175. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and a price close above 1.3565.
GBP/USD Forecast and Analysis for January 6, 2026 suggests an attempt to develop a bearish correction and a test of the support area near 1.3420. Then, continued growth is expected with a target near 1.3745. An additional signal supporting the British Pound’s rise 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 1.3305 would cancel the upward trend. This would indicate continued decline in the Forex pair, with a potential target below 1.3175.
