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10.03.2025 10:44 AM
Technical Analysis for GBP/USD (March 10–15, 2025)

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).

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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).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2025
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