GBPUSD 03/22/2026 When it comes to the GBPUSD pair, I expect an initial rise, followed by a decline and the achievement of daily targets to the downside.
Recent days have shown us a certain pattern to the north, so it's not advisable to go against it. We need to wait for either the cancellation of this 1-2-3 pattern, or its realization. In 65% of cases, such a pattern can reach targets up to 161.8%. We almost reached this level, but I believe there might be another wave of growth to ensure the targets are met.
For now, I expect to see an increase, but this will go against the main daily downtrend. I consider the rise within the grey zone of 1.35412-1.35782. Currently, there is no reason not to trust the rise, as on the hourly timeframe, the market has hit the targets of the buy signal based on moving averages. Additionally, we have a buy signal on the H4 timeframe, as well as a invalidated sell signal (its protective level failed to hold quotes from breaking through).
On the last daily timeframe chart and Fibonacci grid are needed to determine the targets of the sell signal based on moving averages. As we can see, we almost reached the 100% level on the grid (1.31947). The market was missing 22-23 points (4 decimal places) to reach the targets, so this distance cannot be considered a margin of error. I expect it to return there, but it may happen through a northern pullback. The pullback is not mandatory, but then it will be difficult for us to decide to enter sales due to the presence of an upward 1-2-3 pattern.
