The Pound/Dollar GBP/USD currency pair continues to move within the context of growth 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 1.3415. Moving averages indicate a short-term bearish trend. Prices have broken below the signal lines, indicating downward pressure on the currency pair from sellers and potential further declines. Currently, we expect an attempt to further weaken the British Pound against the US Dollar and test the support area near 1.3335. 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 1.3655.
GBP/USD Forecast and Analysis for March 24, 2026
An additional signal for the pair’s upside 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 1.3175, would cancel out the upward trend for the GBP/USD pair. This will indicate a breakout of the lower boundary of the bullish channel and a continued decline in the GBP/USD pair toward 1.2955. Expect confirmation of the pair’s growth with a breakout of the resistance area and a price close above 1.3525, 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 24, 2026 suggests an attempt to develop a bearish correction and test the support area near 1.3335. Then, continued growth with a target near 1.3655. An additional signal in favor of an uptrend for the British Pound will 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 1.3175 would cancel out the uptrend. This would indicate a continued decline in the Forex pair with a potential target below 1.2955.
