20.03.202612:21 Forex Analysis & Reviews: GBP/USD. The Pair Is Under Pressure Again

Relevance up to 06:00 2026-03-22 UTC--4

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The British currency remains under pressure from the broader market trend, where the key driver is the movement in crude oil prices. Rising oil prices support the pound against the dollar, while falling prices lead to a strengthening of the U.S. currency. This dynamic has taken hold this week and represents the main overarching trend across all markets except the bond market.

From a technical perspective, the pair has fallen below the 1.3385 level, which may lead to further short-term decline until the situation with oil price dynamics changes again.

Technical picture and trading idea:

The price is above the middle line of the Bollinger Bands, below the 5-period SMA, but still above the 14-period SMA. The RSI is above the 50% level but is actively declining. The Stochastic indicator is also falling and crossing below the 50% level.

A consolidation below 1.3385 could lead to a decline toward 1.3250 as early as next week. A potential entry point for selling could be around 1.3370.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.