The GBP/USD currency pair is ending the trading week on a downward trend and forming a Triangle pattern. At the time of publication of the GBP/USD forecast for the week, the British Pound to US Dollar exchange rate is 1.3491. Moving averages indicate a bullish trend. Prices have broken above the area between the signal lines, indicating buying pressure and potential continued growth of the British Pound against the US Dollar from current levels. Currently, we expect an attempt to continue the decline and a test of the support area near 1.3335. Subsequently, an upward rebound and continued growth of the GBP/USD exchange rate to above 1.4205 are expected.
GBP/USD Weekly Forecast August 10 – 14, 2026
An additional signal in favor of the British Pound will be a test of the support line on the relative strength indicator. The second signal will be a rebound from the lower boundary of the Triangle pattern. A decline in the GBP/USD pair and a breakout of the 1.3105 area will cancel the upward trend for the current week (August 10-14, 2026). This will indicate a breakout of the support area and a continuation of the decline below 1.2835. A breakout of the resistance area and a price close above 1.3655 will confirm the upward trend for the GBP/USD pair, indicating a breakout of the upper boundary of the Triangle pattern and the beginning of the pattern’s implementation with targets above.
GBP/USD Weekly Forecast August 10 – 14, 2026 suggests an attempt to develop a bearish correction and test the support level near 1.3335. From here, we should expect continued growth for the pair with a target above 1.4205. An additional signal in favor of an uptrend will be a test of the trend line on the relative strength indicator. A decline and a breakout of 1.3105 would cancel the upward trend for the GBP/USD pair. In this case, we should expect a continued decline in the pair, with a potential target below 1.2835.
