The GBP/USD currency pair continues to move within a declining trend and a bullish channel. At the time of publication of this forecast, the GBP/USD exchange rate on Forex is 1.3418. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, indicating buying pressure on the currency pair and potential continued growth. Currently, we should expect an attempt to further strengthen the British Pound against the US Dollar and a test of the resistance area near 1.3505. From there, we should expect another downward rebound and a continued decline in the British Pound against the US Dollar. The target for the pair’s decline, as per the Forex forecast, is 1.3095.
GBP/USD Forecast and Analysis for January 9, 2026
An additional signal supporting a decline in the currency pair will be a test of the trend line on the relative strength indicator (RSI). A second signal supporting 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 a price consolidation above 1.3645 would cancel the downward trend for the GBP/USD pair. This would indicate a breakout of the resistance level and continued growth of the GBP/USD pair toward 1.3865. Confirmation of the pair’s decline should be expected 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 9, 2026 suggests an attempt to continue the rally and a test of the resistance area near 1.3505. Then, a continued decline in quotes with a target near 1.3095 is expected. A test of the resistance line on the relative strength indicator (RSI) will be an additional signal for a decline in the British pound. A strong rise in the British pound against the US dollar and a breakout of 1.3645 will cancel out this downward trend. This will indicate a continued rally in the Forex pair with a potential target above 1.3865.
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