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 1.3398. Moving averages indicate a bullish trend. Prices have broken upwards through the area between the signal lines, indicating buying pressure and a potential continuation of the decline in the British Pound against the US Dollar from current levels. At this point, we should expect an attempt to continue the decline and a test of the support area near 1.3175. Subsequently, an upward rebound and continued growth in the GBP/USD exchange rate to above 1.3675 are expected.
GBP/USD Weekly Forecast March 9 – 13, 2026
An additional signal in favor of the British Pound’s growth will be a test of the support line on the relative strength indicator. The second signal will be a rebound from the upper boundary of the descending channel. A decline in quotes and a breakout of the 1.3035 area will cancel out the GBP/USD uptrend this week (March 2-6, 2026). This will indicate a breakout of the support area and a continuation of the decline below 1.2745. A breakout of the resistance area and a price close above 1.3525 will confirm the GBP/USD’s growth, indicating a breakout of the upper boundary of the descending correction channel.
GBP/USD Weekly Forecast March 9 – 13, 2026 suggests an attempt to develop a bearish correction and test the support level near 1.3175. From this point, we should expect continued growth in the currency pair with a target above 1.3675. An additional signal in favor of an uptrend will be a test of the trend line on the relative strength indicator. The GBP/USD pair’s growth potential will be cancelled by a decline and a breakout of 1.3035. In this case, we should expect continued declines with a potential target below 1.2745.
