The Pound/Dollar GBP/USD currency pair continues to move within a growing and descending channel. At the time of publication of the forecast, the Pound to US Dollar exchange rate on Forex is 1.3403. 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 to continue the decline of the British Pound against the US Dollar and a test of the support area near 1.3365. From there, we should expect another upward rebound and continued growth of the British Pound against the US Dollar. The target for the pair’s upside, according to the Forex forecast, is 1.3615.
GBP/USD Forecast and Analysis for March 20, 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 an upside will be a rebound from the upper boundary of the descending channel. A decline and a breakout of the support area, with the price consolidating below 1.3185, would cancel out the upward trend for the GBP/Dollar pair. This would indicate a breakout of the lower boundary of the bullish channel and a continued decline of the GBP/Dollar pair toward 1.2965. Expect confirmation of the pair’s growth with a breakout of the resistance area and a price close above 1.3425, which would indicate a breakout of the upper boundary of the descending channel.
GBP/USD Forecast and Analysis for March 20, 2026 suggests an attempt to develop a bearish correction and test the support area near 1.3365. Then, continued growth with a target near 1.3615. An additional signal in favor of the British Pound’s rise 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 1.3185 would cancel out this upside scenario. This would indicate a continued decline in the Forex pair with a potential target below 1.2965.
