10.03.202510:44 Forex Analysis & Reviews: Technical Analysis for GBP/USD (March 10–15, 2025)

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Trend Analysis:

This week, the price may initially move downward from 1.2921 (last week's closing price) toward 1.2820, which corresponds to the 14.6% retracement level (red dashed line). After testing this level, the price may resume its upward movement, targeting 1.3117, which aligns with the 76.4% retracement level (blue dashed line).

Comprehensive Analysis:

Indicator Analysis – Up
Fibonacci Levels – Up
Volume Analysis – Up
Candlestick Patterns – Up
Trend Analysis – Up
Bollinger Bands – Up
Monthly Chart – Up

Conclusion: The overall market outlook is bullish.

Projected Weekly Candle Formation for GBP/USD:

The pair is expected to follow a bullish trend, forming a white weekly candle with an initial lower shadow on Monday (downward movement) and a final upper shadow on Friday (downward retracement).

Alternative Scenario:

If the pair moves downward from 1.2921 (last week's closing price), it may reach 1.2743 (the 23.6% retracement level, red dashed line). Upon testing this level, the price may resume its upward movement toward 1.3117, which aligns with the 76.4% retracement level (blue dashed line).

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