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 1.3485. 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 expect an attempt to continue the decline and a test of the support area near 1.3375. Subsequently, an upward rebound and continued growth in the GBP/USD exchange rate to above 1.4135 are expected.
GBPUSD Weekly Forecast February 23 – 27, 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’s growth potential for the week of February 23-27, 2026, and a breakout of the 1.3145 area will cancel out. 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 1.3665 will confirm the GBP/USD’s growth, signaling a breakout of the key resistance level from which prices have already bounced downwards after testing it.
GBPUSD Weekly Forecast February 23 – 27, 2026 suggests an attempt to develop a bearish correction and test the support level near 1.3375. From this point, we should expect continued growth in the currency pair with a target above 1.4135. A test of the trend line on the relative strength indicator (RSI) would be an additional signal in favor of an upside move. A decline and a breakout of 1.3145 would cancel out the GBP/USD pair’s upward trend. In this case, we should expect continued decline with a potential target below 1.2765.
