The GBP/USD currency pair is ending the trading week as a correction develops and a Triangle pattern forms. At the time of publication of the GBP/USD forecast for the week, the British Pound to US Dollar exchange rate is 1.3324. Moving averages indicate a bullish trend. Prices have broken below the area between the signal lines, indicating selling pressure and a potential continuation of the decline in the British Pound against the US Dollar from current levels. At this point, we should expect an attempt to continue the decline and a test of the support area near 1.3265. Subsequently, an upward rebound and continued growth in the GBP/USD exchange rate to above 1.4025 are expected.
GBP/USD Weekly Forecast July 27 – 31, 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 1.3085 area will cancel the upward trend for the week of July 27-31, 2026. This will indicate a breakout of the support area and a continuation of the decline below 1.2855. A breakout of the resistance area and a price close above 1.3585 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.
GBPUSD Weekly Forecast July 27 – 31, 2026 suggests an attempt to develop a bearish correction and test the support level near 1.3265. From here, we should expect continued growth for the pair with a target above 1.4025. A test of the trend line on the relative strength indicator (RSI) will be an additional signal in favor of an uptrend. A decline and a breakout of 1.3085 would cancel the upward trend for the GBP/USD pair. In this case, we should expect continued decline with a potential target below 1.2855.
