The GBP/USD currency pair continues to move within a bullish correction and the beginning of a Triangle pattern. At the time of publication of this forecast, the GBP/USD exchange rate on Forex is 1.3254. Moving averages indicate a short-term bearish 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 at a bullish correction in the British Pound against the US Dollar and a test of the resistance area near 1.3285. From there, we 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 1.3025.
GBP/USD Forecast and Analysis for July 1, 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 lower boundary of the descending channel. A strong rally and a breakout of the resistance area with a price consolidation above 1.3345 would cancel out the downward trend in the GBP/USD pair. This would indicate a breakout of the upper boundary of the descending channel and continued growth of the GBP/USD exchange rate toward 1.3685. Confirmation of the pair’s decline should be expected with a breakout of the support area and a price close below 1.3205.
GBP/USD Forecast and Analysis for July 1, 2026 suggests an attempt to develop a bullish correction and a test of the resistance area near 1.3285. Then, a continued decline in quotes with a target near 1.3025. An additional signal supporting 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 1.3345 would cancel out the downside scenario. This would indicate a continued rally in the Forex pair, with a potential target above 1.3685.
