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 weekly forecast, the British Pound/US Dollar exchange rate stands at 1.3393. Moving averages indicate a bullish trend. Prices are re-testing the area between the signal lines, signaling buying pressure and the potential for the Pound to resume its rise against the US Dollar from current levels. In the immediate term, a downward move is expected, testing the support area near the 1.3315 level. This should be followed by an upward rebound and a continued rise in the GBP/USD rate toward the area above 1.4165.
GBPUSD Weekly Forecast September 28 – October 3, 2026
A test of the support line on the Relative Strength Index (RSI) will serve as an additional signal favoring a rise in the British Pound. A second signal would be a rebound from the lower boundary of the “Triangle” pattern. The bullish scenario for the GBP/USD pair for the week of September 28 – October 3, 2026, would be invalidated if quotes fall and break through the 1.3105 area. This would signal a break of the support zone and a continued decline toward levels below 1.2675. Confirmation of the GBP/USD pair’s rise would come from a break of the resistance area and a price close above 1.3705; this would indicate a breakout above the “Triangle” pattern’s upper boundary and the start of the pattern’s upward-targeting phase.
GBPUSD Weekly Forecast September 28 – October 3, 2026 suggests an attempt at a bearish correction and a test of the support level near 1.3315. From there, the pair is expected to resume its rise, targeting levels above 1.4165. An additional signal favoring an upward move is a test of the trend line on the Relative Strength Index (RSI). The bullish scenario for the Pound-Dollar pair would be invalidated by a drop and a break below the 1.3105 level. In that case, a continued decline is expected, with a potential target below 1.2675.
