The Pound/Dollar GBP/USD currency pair continues to move within the framework of a developing bullish correction and the formation of a Head and Shoulders reversal pattern. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3345. Moving averages indicate a short-term bearish trend. Prices are once 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 at a bearish correction in the British Pound against the US Dollar and a test of the support area near 1.3315. 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 1.3585.
GBP/USD Forecast and Analysis for March 13, 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 lower boundary of the Head and Shoulders reversal pattern. A decline and a breakout of the support area, with the price consolidating below 1.3235, would cancel out the upward trend in the GBP/USD pair. This will indicate a breakout of the support level and a continued decline in the GBP/USD pair toward 1.3025. Expect confirmation of the pair’s growth with a breakout of the resistance area and a price close above 1.3465, which would signal a breakout of the upper boundary of the Head and Shoulders reversal pattern and the beginning of the pattern’s implementation with targets above.
GBP/USD Forecast and Analysis for March 13, 2026 suggests an attempt to develop a bearish correction and test the support area near 1.3315. Subsequently, continued growth with a target near 1.3585. An additional signal in favor of an uptrend for the British Pound would 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 1.3235 would cancel out this uptrend. This would indicate a continued decline in the Forex pair with a potential target below 1.3025.
