The Pound/Dollar GBP/USD currency pair continues to move within a strong, bullish channel. At the time of publication of this forecast, the Pound/US Dollar exchange rate on Forex is 1.3605. Moving averages indicate a short-term bullish trend. Prices have broken above the area between the signal lines, indicating upward pressure from buyers of the currency pair and potential continued growth. At this point, we should expect an attempt at a bearish correction in the British Pound against the US Dollar and a test of the support area near 1.3565. From here, we should expect another upward rebound in the pair and continued growth in the British Pound against the US Dollar. The target for the pair’s upside, according to the Forex forecast, is 1.3745.
GBPUSD Forecast and Analysis for 20 August 2026
An additional signal in favor of the pair’s growth will be a test of the trend line on the relative strength indicator (RSI). A second signal in favor of a decline will be a rebound from the upper boundary of the bullish channel. A decline and a breakout of the support area, with the price consolidating below 1.3535, would cancel the upward trend for the GBP/Dollar pair. This would indicate a breakout of the channel’s lower boundary and a continued decline in the GBP/USD exchange rate toward 1.3345. Expect confirmation of the pair’s growth with a breakout of the resistance area and a price close above 1.3645.
GBPUSD Forecast and Analysis for 20 August 2026 suggests an attempt to develop a bearish correction and test the support area near 1.3565. Then, continued growth with a target near 1.3745. An additional signal favoring a rise in the British Pound will be a test of the support line on the relative strength indicator (RSI). A decline in the British Pound against the US Dollar and a breakout of 1.3535 would invalidate this upward trend. This would indicate a continued decline in the Forex pair with a potential target below 1.3345.
