The GBP/USD currency pair is ending the trading week within a declining trend and a descending channel near 1.3458. 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 1.3485. Subsequently, a downward rebound and a continued decline in GBP/USD quotes to below 1.2785 are expected.
GBP/USD Weekly Forecast January 5 – 9, 2026
An additional signal for a decline in the British Pound will be a test of the resistance line on the relative strength indicator. A second signal will be a rebound from the upper boundary of the descending channel. A strong rise in the GBP/USD pair and a breakout of the 1.3675 area would cancel the downside scenario for the current week (January 5-9, 2026). This would indicate a breakout of the resistance area and continued growth above 1.4205. A breakout of the support area and a price close below 1.3285 would confirm the GBP/USD’s decline.
GBP/USD Weekly Forecast January 5 – 9, 2026 suggests an attempt to develop a bullish correction and test the resistance level near 1.3485. From this point, we should expect continued decline in the currency pair with a target below 1.2785. A test of the trend line on the relative strength indicator would serve as an additional signal for a decline. A strong rise and a breakout of the 1.3675 area would cancel the downside scenario for the GBP/USD pair. In this case, we should expect the pair to continue rising, with a potential target above 1.4205.
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