The GBP/USD currency pair is ending the trading week amidst a developing correction and the formation of a “Triangle” pattern. At the time of this forecast, the British Pound to US Dollar exchange rate stands at 1.3487. Moving averages indicate a bullish trend. Prices have broken upward through the area between the signal lines, signaling buying pressure and the potential for the Pound to continue rising against the US Dollar from current levels. In the immediate term, we should expect an attempt at a decline and a test of the support area near 1.3375, followed by an upward rebound and a continued rise in the GBP/USD rate toward levels above 1.4175.
GBPUSD Weekly Forecast September 14 – 18, 2026
An additional signal favoring a rise in the British Pound is a test of the support line on the Relative Strength Index (RSI). A second signal is a bounce off the lower boundary of the bullish channel. The bullish scenario for GBP/USD this week (September 14–18, 2026) would be invalidated if the price falls and breaks through the 1.3105 area; this would indicate a breach of support and a continued decline toward levels below 1.2675. Confirmation of the rise in the GBP/USD pair would come from a breakout above the resistance area and a close above 1.3745, signaling a break of the “Triangle” pattern’s upper boundary and the start of the pattern’s upward targets.
GBPUSD Weekly Forecast September 14 – 18, 2026 anticipates an attempt at a bearish correction and a test of support near the 1.3375 area, followed by a resumption of the pair’s rise toward targets above 1.4175. A test of the trend line on the Relative Strength Index (RSI) will serve as an additional signal favoring an upward move. The bullish scenario for the GBP/USD pair would be invalidated by a drop and a breakout below the 1.3105 level. In that event, a continued decline should be expected, with a potential target below the 1.2675 level.
