The Pound/Dollar GBP/USD currency pair continues to move within the context of a developing correction and the formation of a Triangle pattern. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3432. 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 to further strengthen the British Pound against the US Dollar exchange rate and test the resistance area near 1.3460. From there, we expect another downward rebound and continued decline in the British Pound against the US Dollar currency pair. The target for the pair’s decline, according to the Forex forecast, is 1.3205.
GBP/USD Forecast and Analysis for June 16, 2026
An additional signal for the currency pair to decline will be a test of the trend line on the relative strength indicator (RSI). A second signal for the decline will be a rebound from the upper boundary of the Triangle pattern. A strong rally and a breakout of the resistance area, with the price consolidating above 1.3565, would cancel out the downward trend for the GBP/USD currency pair. This will indicate a breakout of the upper boundary of the descending channel and continued growth of the GBP/USD exchange rate toward 1.3845. Expect confirmation of the pair’s decline with a breakout of the support area and a price close below 1.3375, which would indicate a breakout of the lower boundary of the Triangle pattern and the beginning of the pattern’s implementation with targets below.
GBP/USD Forecast and Analysis for June 16, 2026 suggests an attempt to develop a bullish correction and test the resistance area near 1.3460. Then, continued declines with a target near 1.3205. An additional signal favoring a decline in the British Pound would 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 1.3565 would cancel the downward trend. This would indicate a continued rise in the Forex pair with a potential target above 1.3845.
