GBP/USD holds gains after registering over 0.5% losses in the previous day, trading around 1.3230 during the Asian hours on Friday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair remains within the descending channel pattern.
The near-term bias stays mildly bearish as the GBP/USD pair holds below both the nine-day and 50-day Exponential Moving Averages (EMAs), which cap rebounds and confirm a deteriorating short-term trend. Price action has made a sequence of lower highs and lower closes from the 1.35 area, reinforcing downside pressure.
Additionally, the latest 14-day Relative Strength Index (RSI) hovers in the low-40s, showing negative momentum but not yet oversold, which leaves room for further weakness while limiting the risk of an immediate exhaustion low.
The GBP/USD pair may find its primary support at the descending channel’s lower boundary around 1.3150. A break below the channel would expose the 1.3010, the lowest since April 2025, which was recorded in November 2025.
On the upside, the initial barrier lies at the nine-day EMA of 1.3273. Further advances would lead the GBP/USD pair to test the 50-day EMA at 1.3394, followed by the upper descending channel boundary around 1.3440. A sustained break above this confluence resistance would trigger a bullish bias, opening the doors for exploring the area around the 1.3869, the highest level since September 2021, reached on January 27.
GBP/USD: Daily Chart(The technical analysis of this story was written with the help of an AI tool.)
Pound Sterling Price Today
The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the New Zealand Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.00% | -0.11% | 0.00% | 0.00% | -0.13% | 0.10% | -0.05% | |
| EUR | 0.00% | -0.07% | 0.02% | 0.00% | -0.01% | 0.09% | -0.05% | |
| GBP | 0.11% | 0.07% | 0.11% | 0.08% | 0.08% | 0.17% | 0.02% | |
| JPY | 0.00% | -0.02% | -0.11% | -0.01% | -0.03% | 0.07% | -0.09% | |
| CAD | -0.01% | -0.01% | -0.08% | 0.00% | -0.01% | 0.09% | -0.06% | |
| AUD | 0.13% | 0.01% | -0.08% | 0.03% | 0.01% | 0.09% | -0.06% | |
| NZD | -0.10% | -0.09% | -0.17% | -0.07% | -0.09% | -0.09% | -0.15% | |
| CHF | 0.05% | 0.05% | -0.02% | 0.09% | 0.06% | 0.06% | 0.15% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)/USD (quote).
Source: https://www.fxstreet.com/news/gbp-usd-price-forecast-rebounds-toward-13250-near-nine-day-ema-202604030621
