The GBP/USD Pound Dollar currency pair continues to move as part of a developing correction and the formation of a bullish “Wolfe Wave” pattern. At the time of publication of the forecast, the GBP to US Dollar exchange rate on Forex is 1.3403. Moving averages indicate a short-term bullish trend. Prices have broken below the signal lines, indicating downward pressure on the currency pair and potential further decline. Currently, we expect an attempt at a bearish correction in the British Pound against the US Dollar and a test of the support area near 1.3365. From there, we 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 1.3575.
GBP/USD Forecast and Analysis for March 3, 2026
An additional signal for the currency pair to rise will be a test of the trend line on the relative strength indicator (RSI). A second signal for an upside move will be a rebound from the lower boundary of the bullish Wolfe Wave pattern. A decline and a breakout of the support area with a price consolidation below 1.3285 would cancel the upward trend for the GBP/USD pair. This would indicate a breakout of the support level and a continuation of the GBP/USD decline toward 1.3035. Confirmation of the pair’s growth should be expected with a breakout of the resistance area and a price close above 1.3495, which would indicate a breakout of the upper boundary of the descending channel.
GBP/USD Forecast and Analysis for March 3, 2026 suggests an attempt to develop a bearish correction and test the support area near 1.3365. Subsequently, continued price growth with a target near 1.3575. 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). The upside scenario would be cancelled if the British Pound falls against the US Dollar and breaks below 1.3285. This would indicate continued declines on the Forex pair, with a potential target below 1.3035.
