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 1.3398. Moving averages indicate a short-term bearish trend. Prices are again testing the area between the signal lines, indicating selling pressure on 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 support area near 1.3435. From there, 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 1.3205.
GBP/USD Forecast and Analysis for March 10, 2026
An additional signal for a decline in the currency pair 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 upper boundary of the bearish channel. A strong rally and a breakout of the resistance area, with the price consolidating above 1.3585, would cancel the downward trend for the GBP/USD pair. This would indicate a breakout of the resistance level and continued growth in the GBP/USD pair toward 1.3885. Expect confirmation of the pair’s decline with a breakout of the support area and a price close below 1.3265, which would indicate a breakout of the lower boundary of the bullish correction channel.
GBP/USD Forecast and Analysis for March 10, 2026 suggests an attempt to develop a bullish correction and test the resistance area near 1.3435. Then, a continued decline in quotes with a target near 1.3205. An additional signal for a decline in the British Pound would 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 1.3585 would cancel the downward scenario. This would indicate a continued rise in the Forex pair with a potential target above 1.3885.
