The GBP/USD currency pair is ending the trading week on a upward trend and forming a “Wedge” reversal pattern. At the time of publication of the GBP/USD forecast for the week, the British Pound to US Dollar exchange rate is 1.3609. Moving averages indicate a bullish trend. Prices have broken above 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 further increase quotes and a test of the resistance area near 1.3935. Subsequently, a downward rebound and a continued decline in GBP/USD quotes to below 1.2845 are expected.
GBPUSD Weekly Forecast February 9 – 13, 2026
An additional signal for the British Pound to decline will be a test of the resistance line on the relative strength indicator. The second signal will be a rebound from the upper boundary of the Wedge reversal pattern. A strong rise in quotes and a breakout of the 1.4255 area will cancel out the GBP/USD downside scenario for the current week (February 9-13, 2026). This will indicate a breakout of the resistance area and continued growth above 1.4635. A breakout of the support area and a price close below 1.3325 will confirm the GBP/USD downside, signaling a breakout of the lower boundary of the Wedge reversal pattern and the beginning of the pattern’s implementation with targets below.
GBPUSD Weekly Forecast February 9 – 13, 2026 suggests an attempt to develop a bullish correction and test the resistance level near 1.3935. From there, we should expect continued decline in the currency pair with a target below 1.2845. A test of the trend line on the relative strength indicator (RSI) will serve as an additional signal for a decline. A strong rally and a breakout of 1.4255 would cancel the downside scenario for the GBP/USD pair. In this case, we should expect continued growth with a potential target above 1.4635.
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