The GBP/USD currency pair is ending the trading week within a developing correction 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 1.3649. Moving averages indicate a bullish trend. Prices have broken upwards through the area between the signal lines, indicating buying pressure and a potential continuation of the decline in 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 1.3425. Subsequently, an upward rebound and continued growth in the GBP/USD exchange rate to above 1.4175 are expected.
GBPUSD Weekly Forecast February 16 – 20, 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 upper boundary of the descending channel. A decline in the GBP/USD pair and a breakout of the 1.3155 area will cancel out the upside potential for the week of February 16-20, 2026. This will indicate a breakout of the support area and a continuation of the decline below 1.2765. A breakout of the resistance area and a price close above 1.3905 will confirm the GBP/USD pair’s growth, signaling a breakout of the key resistance level from which prices have already bounced downwards after testing it.
GBPUSD Weekly Forecast February 16 – 20, 2026 suggests an attempt to develop a bearish correction and test the support level near 1.3425. From this point, we should expect continued growth in the pair with a target above 1.4175. 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 1.3155 would cancel the upward trend for the GBP/USD pair. In this case, we should expect continued declines with a potential target below 1.2765.
