The GBP/USD currency pair is ending the trading week within a downward trend and a bullish channel. At the time of publication of the GBP/USD forecast for the week, the British Pound to US Dollar exchange rate is 1.3337. Moving averages indicate a bullish trend. Prices have broken below the area between the signal lines, indicating selling pressure and a potential continuation of the decline in the British Pound against the US Dollar from current levels. Currently, we expect an attempt to continue the decline and a test of the support area near 1.3155. Subsequently, an upward rebound and continued growth in the GBP/USD exchange rate to above 1.3765 are expected.
GBP/USD Weekly Forecast March 23 – 27, 2026
An additional signal in favor of the British Pound will be a test of the support line on the relative strength indicator. The second signal will be a rebound from a key support level on the price chart. A decline in the GBP/USD pair and a breakout of the 1.2995 area will cancel the upward trend for the current week of March 16-20, 2026. This will indicate a breakout of the support area and a continuation of the decline below 1.2565. A breakout of the resistance area and a price close above 1.3305 will confirm the upward trend for the GBP/USD pair, indicating a breakout of the upper boundary of the Head and Shoulders reversal pattern and the beginning of the pattern’s realization on shorter timeframes.
GBP/USD Weekly Forecast March 23 – 27, 2026 suggests an attempt to develop a bearish correction and test the support level near 1.3155. From here, we should expect continued growth in the currency pair with a target above 1.3765. A test of the trend line on the relative strength indicator (RSI) will be an additional signal in favor of an uptrend. A decline and a breakout of 1.2995 would cancel the upward trend for the GBP/USD pair. In this case, we should expect continued declines with a potential target below 1.2565.
