The Pound/Dollar GBP/USD currency pair is ending the trading week as part of a bearish correction and the formation of 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 1.3532. Moving averages indicate a bullish trend. Prices have broken upwards through 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 1.3285. Subsequently, an upward rebound and continued growth of the Pound/Dollar exchange rate to above 1.4225 are expected.
GBPUSD Weekly Forecast August 31 – September 4, 2026
An additional signal in favor of the British Pound’s growth 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 1.3065 area will cancel out the upside potential this week (August 31 – September 4, 2026). This will indicate a breakout of the support area and a continued decline below 1.2765. A breakout of the resistance area and a price close above 1.3685 will confirm the GBP/USD pair’s growth, signaling a breakout of the upper boundary of the Triangle pattern and the beginning of the pattern’s implementation with targets above.
GBPUSD Weekly Forecast August 31 – September 4, 2026 suggests an attempt to develop a bearish correction and test the support level near 1.3285. From this point, we should expect continued growth in the currency pair with a target above 1.4225. An additional signal in favor of an upside will be a test of the trend line on the relative strength indicator. The GBP/USD pair’s upward trend would be cancelled by a decline and a breakout of 1.3065. In this case, we should expect the pair to continue to decline, with a potential target below 1.2765.
