The Pound/Dollar GBP/USD currency pair is ending the trading week on a upward 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 1.3348. 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. Currently, we expect an attempt to continue the decline and a test of the support area near 1.3285. Subsequently, an upward rebound and continued growth in the Pound/Dollar pair to above 1.4205 are expected.
GBP/USD Weekly Forecast July 6 – 10, 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 out the upside potential for the week of July 6-10, 2026. This will indicate a breakout of the support area and a continued decline below 1.2875. A breakout of the resistance area and a price close above 1.3465 will confirm the GBP/USD’s growth, signaling a breakout of the upper boundary of the Triangle pattern and the beginning of the pattern’s realization with targets above.
GBP/USD Weekly Forecast July 6 – 10, 2026 suggests an attempt to develop a bearish correction and test the support level near 1.3285. From here, we should expect continued growth in the currency pair with a target above 1.4205. 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 1.2875.
