The Pound/Dollar GBP/USD currency pair continues to move within a developing correction and descending channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3225. Moving averages indicate a short-term bearish trend. Prices have broken below the area between the signal lines, indicating downward pressure from sellers of the currency pair and a potential further decline in the instrument. At this point, we should expect an attempt at a bullish correction in the British Pound against the US Dollar and a test of the resistance area near 1.3295. From here, we should expect another downward rebound in the pair and a continued decline in the British Pound against the US Dollar. The target for the pair’s decline, according to the Forex forecast, is 1.3055.
GBP/USD Forecast and Analysis for April 3, 2026
An additional signal favoring a decline in the currency pair will be a test of the trend line on the relative strength indicator (RSI). A second signal favoring a decline will be a rebound from the upper boundary of the descending channel. A strong rally and a breakout of the resistance area with a price consolidation above 1.3405 would cancel the downward scenario for the GBP/Dollar pair. This would indicate a breakout of the upper boundary of the descending channel and continued growth of the GBP/Dollar pair toward 1.3635. Expect confirmation of the pair’s decline with a breakout of the support area and a price close below 1.3155.
GBP/USD Forecast and Analysis for April 3, 2026 suggests an attempt to develop a bullish correction and test the resistance area near 1.3295. Then, a continued decline in quotes with a target near 1.3055. An additional signal favoring a decline in the British Pound will be a test of the resistance line on the relative strength indicator (RSI). A strong rise in the British Pound against the US Dollar and a breakout of 1.3405 would cancel the downward scenario. This would indicate a continued rise in the Forex pair with a potential target above 1.3635.
