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    GBPUSD Technical Analysis Report 5 February, 2026

    GBPUSD currency pair can be expected to rise to the next resistance level 1.3770 (which has been reversing the price from June).  
    • GBPUSD reversed from support area
    • Likely to rise to resistance level 1.3770
    GBPUSD currency pair recently reversed from the support area located between the key support level 1.354 (previous monthly high from January, as can be seen from the daily GBPUSD chart below), 38.2% Fibonacci correction of the upward price impulse (i) from the start of November and the upper trendline of the recently broken down channel from June (acting as the support after it was broken previously). The upward reversal from this support area stopped the previous short-term ABC correction (ii) – which belongs to the impulse waves 3 and (C). Given the strong bearish US dollar sentiment seen across the FX markets today, GBPUSD currency pair can be expected to rise to the next resistance level 1.3770 (which has been reversing the price from June). GBPUSD Technical Analysis The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.