The GBP/USD currency pair continues to move as part of a downward trend and the beginning of a downward “Wolfe Wave” pattern. At the time of publication of this forecast, the GBP/USD exchange rate on Forex is 1.3531. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, indicating buying pressure on the currency pair and potential continued growth. Currently, we expect an attempt to further strengthen the British Pound against the US Dollar and a test of the resistance area near 1.3605. From there, we expect another downward rebound and a continued decline in the British Pound against the US Dollar. The target for the pair’s decline, as per the Forex forecast, is 1.3285.
GBPUSD Forecast and Analysis for September 1, 2026
An additional signal for a decline in the currency pair will be a test of the trend line on the relative strength indicator (RSI). A second signal for a decline will be a rebound from the lower boundary of the bullish channel. A decline in the GBP/USD pair would be cancelled by a strong rise and a breakout of the resistance area with the price consolidating above 1.3755. This would indicate a breakout of the upper boundary of the pattern and a continued rise in the GBP/USD exchange rate to 1.3965. Confirmation of the pair’s decline should be expected with a breakout of the lower boundary of the bullish channel and a price close below 1.3505.
GBPUSD Forecast and Analysis for September 1, 2026 suggests an attempt to develop a bullish correction and a test of the resistance area near 1.3605. Then, a continued decline in quotes with a target near 1.3285. An additional signal supporting a decline in the British Pound will be a test of the resistance line on the relative strength indicator (RSI). A strong rise in the British Pound against the US Dollar and a breakout of 1.3755 would cancel out the downside scenario. This would indicate a continued rally in the Forex pair, with a potential target above 1.3965.
