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GBP/USD Bounces Back Towards Key Resistance

Guavy AI Editorial Team Published August 8, 2026

Instruments

USD GBP

The GBP/USD currency pair rebounded last week, suggesting that its fall from 1.3557 has completed at 1.3272 as a correction.

This correction may be ready to resume its rise from 1.3139, with the initial bias this week being mildly on the upside towards 1.3557.

If this target is broken, it will aim for 100% projection of 1.3139 to 1.3557 from 1.3272 at 1.3690.

However, if the price falls below 1.3399, it could bring a deeper fall back to 1.3272 support instead.

The Wire

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