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British Pound Outlook: GBP/USD Falling Wedge 2.0 in 2026

In early-2026 trade GBP/USD built a falling wedge formation shortly after the New Year open, and that resolved in a big way with a strong breakout as the pair jumped up to fresh four-year highs. But, like EUR/USD, this seemed a derivative matter on the basis of the breakdown in USD/JPY and as the Dollar came back to life, GBP/USD pulled back.
Date: 23.02.2026  |  Source: forex.com
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Quotes

Instrument Price Change (%)
EURUSD 1.178530 +0.029707%
GBPUSD 1.349110 +0.14921%
USDJPY 154.661000 -0.21163%
XAUUSD 5226.695000 +2.3186%
USDCAD 1.369730 +0.17699%
NZDUSD 0.595500 -0.39667%
USDCHF 0.774700 -0.094141%
AUDUSD 0.705520 -0.43701%
EURGBP 0.873450 -0.073219%
EURJPY 182.260000 -0.22609%
GBPJPY 208.583000 -0.18949%
AUDJPY 109.112000 -0.69717%
CADJPY 112.901000 -0.3504%
CHFJPY 199.610000 -0.10859%
NZDJPY 92.090000 -0.61301%
GBPCHF 1.044460 -0.081316%
EURCHF 0.912910 -0.18242%
USDMXN 17.274200 +0.89481%
USDZAR 16.006200 -0.13352%
USDTRY 43.832900 +0.036744%
USDRUB 76.785000 +0.079897%
USDSEK 9.053670 +0.058681%
USDCNY 6.907500 +0%

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