The GBP/USD currency pair finished the trading week amid a developing decline within a bullish channel. At the time of publication, the British Pound to US Dollar exchange rate stands at 1.3464. Moving averages indicate the presence of a bullish trend. The price broke above the area between the signal lines, signaling buying pressure and the potential continuation of movement from current levels. At this stage, a bearish correction is expected with a test of the support area near 1.3380. After that, a rebound upward is likely, followed by continued growth of GBP/USD toward levels above 1.4165.
GBP/USD Weekly Forecast March 2 – 6, 2026
An additional signal in favor of growth will be a test of the support line on the RSI indicator. The second signal will be a rebound from the upper boundary of the descending channel. The bullish scenario will be canceled by a decline and a breakout below 1.3145. This would indicate a breakout of support and continued decline toward levels below 1.2805. Confirmation of further growth will come from a breakout of the resistance area and a close above 1.3665, which would signal a breakout of key resistance and strengthen bullish pressure.
GBP/USD Weekly Forecast March 2 – 6, 2026 suggests a bearish correction toward 1.3380, followed by continued growth above 1.4165. A breakout below 1.3145 would cancel the bullish scenario and indicate a decline toward levels below 1.2805.
