The GBP/USD currency pair continues to move within a developing bullish correction and a descending channel. At the time of publication of this forecast, the GBP/USD exchange rate on Forex is 1.3431. 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 potential further decline. Currently, we should expect an attempt to develop a bullish correction in the British Pound against the US Dollar exchange rate and a test of the resistance area near 1.3505. 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 the 1.3165 level.
GBP/USD Forecast and Analysis for March 11, 2026
An additional signal in favor of a decline in the pair will be a test of the trend line on the relative strength indicator (RSI). A second signal in favor of a decline will be a rebound from the lower boundary of the bullish channel. A strong rally and a breakout of the resistance area with a price consolidation above 1.3585 would cancel the downward scenario for the GBP/Dollar pair. This would indicate a breakout of the resistance level and continued growth of the GBP/Dollar pair toward 1.3775. Confirmation of the pair’s decline should be expected with a breakout of the support area and a price close below 1.3365.
GBP/USD Forecast and Analysis for March 11, 2026 suggests an attempt to develop a bullish correction and test the resistance area near 1.3505. Subsequently, a continued decline in quotes with a target near 1.3165. 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 1.3585 would cancel out the downward scenario. This would indicate a continued rise in the Forex pair with a potential target above 1.3775.
