GBPUSD Short Term Forecast Update And Follow Up

Hi Traders! GBPUSD short term forecast update and follow up is here. On March 5th, 2026 I shared this “Forex Market Analysis & Day Trading Opportunity | GBPUSD | 5 March 2026” post in our blog. In this post, let’s do a recap of this setup and see how it has developed now. If you would like to learn more about the way we trade and the technical analysis we use then check out the Home Trader Club. Spoiler alert – free memberships are available!

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My Idea

On the H1 chart, we have a strong bearish momentum and also currently there are no signs opposing this short term bearish view. So everything looks good for the bears here as well. In addition to this, we have three key resistance zones that has formed based on the volume profile zones of the KTLI indicator and the Triple B Pro pivot levels. Until these three key resistance zones shown in the image below (marked in red) holds my short term view remains bearish here and I expect the price to move lower further.

 

 

 

GBPUSD H1(1 Hour) Chart Current Scenario

Based on the above-mentioned analysis my short term view was bearish here and I was expecting the price to move lower further until the three key resistance zones hold. The price action followed my analysis exactly as I expected it to here. The price which was moving higher reached the second key resistance zone, respected it and moved lower from this zone and delivered 320+ pips move to the downside as you can see in the image below!

 

 

You can see this move clearly on the H4 chart below.

 

 

On the M15 chart, the market provided us with various facts supporting the bearish view. The price which was moving higher created a bearish divergence between the first high that has formed at 1.34451 and the second high that has formed at 1.34826 based on the MACD indicator, which we may consider as evidence of bearish pressure. The price then moved lower and broke below the most recent uptrend line. We may consider these as facts provided by the market supporting the bearish view and also there we no signs opposing this bearish view. Then as you can see in the image below how the price moved lower further and provided a fantastic move to the downside.

 

 

So, traders, this is why I wanted to show this example to help you understand how important it is to follow the facts. The facts were supporting the bearish view here and there were no signs against it. When the facts do happen as we expected you can see how the price perfectly moved as per the plan. Because these are the kind of hints the market provides us at the majority of the time and it’s our obligation as traders to be able to listen to these things that the market tells us and we should try to make the right actions accordingly.

For similar trade ideas and much more I invite you to

 

Happy Trading!

Arvinth Akash
Home Trader Club Team.