The GBP/USD Pound Dollar currency pair continues to move within a declining trend and a bullish channel. At the time of publication of the forecast, the GBP/USD exchange rate on Forex is 1.3471. 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 to further strengthen the British Pound against the US Dollar and test the resistance area near 1.3535. From there, we should expect another downward rebound and continued decline in the British Pound against the US Dollar. The target for the pair’s decline, according to the Forex forecast, is 1.3215.
GBP/USD Forecast and Analysis for January 8, 2026
An additional signal for a decline in the currency pair will be a test of the trend line on the relative strength indicator (RSI). A second signal for a decline will be a rebound from the upper boundary of the bearish channel. A strong rally and a breakout of the resistance area, with the price consolidating above 1.3645, would cancel out the downward trend for the GBP/USD pair. This will indicate a breakout of the resistance level and continued growth in the GBP/USD pair toward 1.3865. Expect confirmation of the pair’s decline with a breakout of the support area and a price close below 1.3305, which would indicate a breakout of the lower boundary of the bullish channel.
GBP/USD Forecast and Analysis for January 8, 2026 suggests an attempt to continue the rise and test the resistance area near 1.3535. Then, a continuation of the decline in quotes with a target near 1.3215. An additional signal for a decline in the British Pound will be a test of the resistance line on the relative strength indicator (RSI). A strong rise in the British Pound against the US Dollar and a breakout of 1.3645 would cancel the downward trend. This would indicate a continued rise in the Forex pair with a potential target above 1.3865.
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