The GBP/USD currency pair is ending the trading week on a rising course and within a bullish channel near 1.3582. 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. Currently, we expect an attempt at a bearish correction and a test of the support area near 1.3405. Subsequently, an upward rebound and continued growth in the GBP/USD pair to above 1.4245 are expected.
GBPUSD Weekly Forecast January 26 – 30, 2026
An additional signal in favor of the British Pound’s rise will be a test of the support line on the relative strength indicator. A second signal will be a rebound from the lower boundary of the bullish channel. The GBP/USD pair’s upside potential for the week of January 26-30, 2026, will be cancelled by a price decline and a breakout of the 1.3225 area. This will indicate a breakout of the support area and a continued decline below 1.2945. A breakout of the resistance area and a price close above 1.3675 will confirm the GBP/USD pair’s upside, signaling a breakout of the upper boundary of the bearish channel.
GBPUSD Weekly Forecast January 26 – 30, 2026 suggests an attempt to develop a bearish correction and test the support level near 1.3405. From this point, we should expect continued growth in the pair with a target above 1.4245. 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 growth potential will be cancelled by a decline and a breakout of 1.3225. In this case, we should expect the pair to continue to decline, with a potential target below 1.2945.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
