The Pound/Dollar GBP/USD currency pair continues to move within a declining trend and a descending channel. At the time of publication of this forecast, the Pound to US Dollar exchange rate on Forex is 1.3188. 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. At this point, we expect an attempt to further weaken the British Pound against the US Dollar and test the support area near 1.3245. From there, we should expect another downward rebound and continued decline in the British Pound against the US Dollar. The target for the pair’s decline, according to the Forex forecast, is 1.3025.
GBP/USD Forecast and Analysis for March 31, 2026
An additional signal supporting a decline in the currency pair will be a test of the trend line on the relative strength indicator (RSI). A second signal supporting a decline will be a rebound from the upper boundary of the descending channel. A strong rally and a breakout of the resistance area, with the price consolidating above 1.3305, would cancel the downward scenario for the GBP/USD pair. This would indicate a breakout of the upper boundary of the bearish channel and continued growth in the GBP/USD pair toward 1.3525. Expect confirmation of the pair’s decline with a breakout of the support area and a price close below 1.3135.
GBP/USD Forecast and Analysis for March 31, 2026 suggests an attempt to develop a bullish correction and test the resistance area near 1.3245. Then, a continued decline in quotes with a target near 1.3025. An additional signal for 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 1.3305 would cancel out the downward scenario. This would indicate a continued rally in the Forex pair with a potential target above 1.3525.
