GBP/USD Weekly Special Report Based on 1 Lot Calculation:
TECHNICAL ANALYSIS
- SUPPORT AREA: 1.3600 - 1.3400. The GBP/USD currency pair has maintained support between 1.3600 and 1.3400, an area where GBP/USD has been predominantly trading since April 2025.
- UP-TREND SINCE NOVEMBER 2025: GBP/USD remains in a medium-term uptrend, moving higher within a channel, as depicted on the daily chart below. However, it could also decline.
GRAPH (Daily): February 2025– February 2026
Please note that past performance does not guarantee future results
BANK OF ENGLAND:
- THURSDAY, FEBRUARY 5 AT 12:00 (GMT): UK BANK OF ENGLAND (BOE) INTEREST RATE DECISION. BOE’s governor Bailey will host a press conference the same day at 12:30 GMT. The BOE lowered interest rates to 3.75% in December and did not indicate that it would cut rates in the near future. The BOE’s stance of not cutting rates anytime soon could provide support to GBP/USD.
EVENTS:
- THURSDAY, FEBRUARY 5 AT 13:30 GMT: US WEEKLY INITIAL JOBLESS CLAIMS. The US labor market remains in the spotlight in 2026, with investors watching the weekly reports of how many people lose their jobs for the first time. For the past week, the number came in at 209,000.
- FRIDAY, FEBRUARY 6 AT 15:00 GMT: US MICHIGAN CONSUMER SENTIMENT (FEBRUARY). US consumer sentiment has improved over the past 3 to 4 months, with the Michigan Index rising to its highest level since September 2025 (56.4) in January. However, if the index in February shows stagnation or a decline, this could revive concerns about the US economy, potentially having a negative impact on the US dollar.
- WEDNESDAY, FEBRUARY 11 AT 13:30 GMT: US INFLATION DATA (CPI) (JANUARY). A softer-than-expected CPI could increase rate cut expectations and support industrial metals demand, potentially boosting GBP/USD prices. The headline CPI in the USA is currently at 2.7%, down from the recent 3%.
- THURSDAY, FEBRUARY 12 AT 07:00 GMT: UK GROSS DOMESTIC PRODUCT (GDP) (Q4). The UK economy grew by 1.3% in the third quarter of 2025, and if data for the fourth quarter comes in higher, positive pressure on the GBP/USD price could be expected.
GBP/USD, February 4, 2026
Current Price: 1.3690
|
GBP/USD |
Weekly |
|
Trend direction |
|
|
1.4200 |
|
|
1.4000 |
|
|
1.3850 |
|
|
1.3550 |
|
|
1.3500 |
|
|
1.3450 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
GBP/USD |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
5,100 |
3,100 |
1,600 |
-1,400 |
-1,900 |
-2,400 |
|
Profit or loss in €2 |
4,317 |
2,624 |
1,354 |
-1,185 |
-1,608 |
-2,031 |
|
Profit or loss in £2 |
3,721 |
2,262 |
1,167 |
-1,021 |
-1,386 |
-1,751 |
|
Profit or loss in C$2 |
6,959 |
4,230 |
2,183 |
-1,910 |
-2,593 |
-3,275 |
- 1.00 lot is equivalent of 100,000 units
- Calculations for exchange rate used as of 10:00 (GMT) 04/02/2026
There is a possibility to use Stop-Loss and Take-Profit.
- You may wish to consider closing your position in profit, even if it is lower than suggested one.
- Trailing stop technique could protect the profit.