The GBP/USD currency pair is ending the trading week within a downward trend and a bullish channel. At the time of publication of the GBP/USD forecast for the week, the British Pound to US Dollar exchange rate is 1.3191. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, indicating buying pressure and potential continued growth of 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 1.3125. Subsequently, an upward rebound and continued growth of the GBP/USD exchange rate to above 1.3695 is expected.
GBPUSD Weekly Forecast April 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 a key support level on the price chart. A decline in the GBP/USD pair and a breakout of the 1.2935 area will cancel the upward trend for the current week of April 6-10, 2026. This will indicate a breakout of the support area and a continuation of the decline below 1.2585. A breakout of the resistance area and a price close above 1.3405 will confirm the upward trend for the GBP/USD pair, indicating a breakout of the upper boundary of the downward correction channel.
GBPUSD Weekly Forecast April 6 – 10, 2026 suggests an attempt to develop a bearish correction and test the support level near 1.3125. From this point, we should expect continued growth for the pair with a target above 1.3695. A test of the trend line on the relative strength indicator (RSI) will be an additional signal in favor of an upside move. A decline and a breakout of 1.2935 would cancel the upward trend for the GBP/USD pair. In this case, we should expect continued declines with a potential target below 1.2585.
