12.03.202510:28 Forex Analysis & Reviews: Indicator Analysis: Daily Overview for GBP/USD on March 12, 2025

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Trend Analysis (Figure 1).

On Wednesday, the market may begin moving downward from the 1.2942 level (previous daily close), targeting 1.2905—the 14.6% retracement level (yellow dashed line). Upon testing this level, the price may rebound upwards, aiming for 1.2977—resistance line (bold blue line).

Figure 1 (Daily Chart).

Comprehensive Analysis:

Indicator analysis – bearish
Fibonacci levels – bearish
Volume analysis – bearish
Candlestick analysis – bearish
Trend analysis – bearish
Bollinger Bands – bearish
Weekly chart – bearish

General Conclusion: Bearish Trend

Alternative Scenario: If the market starts declining from the 1.2942 level, it may target 1.2868 (23.6% retracement level, yellow dashed line). If this level is tested, the price may rebound upwards toward 1.2977—resistance line (bold blue line).

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