The Pound/Dollar GBP/USD currency pair continues to move as part of a downward trend and the formation of a bullish “Wolfe Wave” pattern. At the time of publication of this forecast, the Pound/Dollar exchange rate on Forex is 1.3243. Moving averages indicate a short-term bearish trend. Prices have broken below the signal lines, indicating downward pressure from sellers of the currency pair and potential further declines. Currently, we expect an attempt to further weaken the British Pound against the US Dollar and test the support area near 1.3155. From there, we should expect another upward rebound and continued growth in the British Pound against the US Dollar. The target for the pair’s upside, according to the Forex forecast, is 1.3395.
GBP/USD Forecast and Analysis for April 1, 2026
An additional signal for the pair’s growth will be a test of the trend line on the relative strength indicator (RSI). A second signal for a decline will be a rebound from the lower boundary of the bullish “Wolfe Wave” pattern. A decline and a breakout of the support area, with the price consolidating below 1.3005, would cancel out the upward trend for the GBP/USD pair. This will indicate a breakout of the lower boundary of the bullish “Wolfe Wave” pattern and a continued decline in the GBP/USD pair toward 1.2765. Expect confirmation of the pair’s growth with a breakout of the resistance area and a price close above 1.3285, which would indicate a breakout of the upper boundary of the descending channel.
GBP/USD Forecast and Analysis for April 1, 2026 suggests an attempt to develop a bearish correction and test the support area near 1.3155. Then, continued growth with a target near 1.3395. An additional signal in favor of an uptrend for the British Pound will be a test of the support line on the relative strength indicator (RSI). A decline in the British Pound against the US Dollar and a breakout of 1.3005 would cancel out the uptrend. This would indicate a continued decline in the Forex pair with a potential target below 1.2765.
