The GBP/USD currency pair is ending the trading week within a developing bullish correction and a descending channel near 1.3497. Moving averages indicate a bullish trend. Prices have broken upwards through the area between the signal lines, indicating buying pressure and a potential continuation of the decline in the British Pound against the US Dollar from current levels. Currently, we expect an attempt to increase quotes and a test of the resistance area near 1.3515. Subsequently, a downward rebound and a continued decline in GBP/USD quotes to below 1.3045 are expected.
GBP/USD Weekly Forecast December 29, 2025 — January 2, 2026
An additional signal for the British Pound to decline will be a test of the resistance line on the relative strength indicator. The second signal will be a rebound from the upper boundary of the descending channel. A strong rise in quotes and a breakout of the 1.3765 area will cancel out the GBP/USD decline this week (December 29, 2025 – January 2, 2026). This will indicate a breakout of the resistance area and continued growth above 1.4225. A breakout of the support area and a price close below 1.3285 will confirm the GBP/USD decline.
GBP/USD Weekly Forecast December 29, 2025 — January 2, 2026 suggests an attempt to develop a bullish correction and test the resistance level near 1.3515. From this point, we should expect the currency pair to continue to decline with a target below 1.3045. A test of the trend line on the relative strength indicator will serve as an additional signal of decline. A strong rally and a breakout of 1.3765 would cancel the GBP/USD pair’s downward trend. In this case, we should expect continued upward movement with a potential target above 1.4225.
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