empty
21.03.2025 04:43 AM
GBP/USD Forecast for March 21, 2025

At yesterday's Bank of England meeting, only one member voted for a rate cut, compared to the expected two. Despite this, the British pound fell by 32 pips, influenced by a mild risk-off sentiment and a 0.35% increase in the dollar.

This image is no longer relevant

On the daily chart, the Marlin oscillator has nearly retraced the entire March rally and could reverse direction at any moment. From this perspective, a decline toward the 1.2816–1.2847 range seems unlikely. A break above 1.3001 would open up the nearest upside target at 1.3101, with the potential for further gains up to 1.3184. No major news is expected today, so the price may continue to consolidate below 1.3001.

This image is no longer relevant

On the H4 chart, the Marlin oscillator is starting to move sideways along the zero line, while the price fluctuates between the Balance line and the MACD line. The MACD line coincides with the 1.3001 resistance, reinforcing it. Consequently, breaking above this level could trigger a strong bullish impulse. Additionally, on Monday, the March PMI data will be released, which could serve as a catalyst for an optimistic rally.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

WTI - West Texas Intermediate. Analysis and Forecast

Prices for U.S. crude oil West Texas Intermediate (WTI) are consolidating near a one-month high, pausing a four-day winning streak, although the intraday pullback lacks bearish conviction. WTI prices

Irina Yanina 17:55 2025-05-14 UTC+2

EUR/USD Analysis on May 14, 2025

On Tuesday, the EUR/USD pair rebounded from the support zone of 1.1074–1.1081 and reversed in favor of the euro, climbing by 110 points. Thus, the bears' joy was short-lived

Samir Klishi 11:20 2025-05-14 UTC+2

GBP/USD Analysis on May 14, 2025

On the hourly chart, the GBP/USD pair continued its upward movement on Tuesday after bouncing off the 1.3139 level. Judging by the wave structure, the bearish trend has not been

Samir Klishi 11:17 2025-05-14 UTC+2

Forex forecast 14/05/2025: EUR/USD, GBP/USD, Oil, Ethereum and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:01 2025-05-14 UTC+2

Technical Analysis of Intraday Price Movement of AUD/JPY Cross Currency Pairs, Wednesday May 14, 2025.

Although on the 4-hour chart the AUD/JPY cross currency pair is still moving above the WMA (30 Shift 2) which also has a slope that is going upwards, but because

Arief Makmur 07:42 2025-05-14 UTC+2

Technical Analysis of Daily Price Movement Crude Oil Commodity Instrument, Wednesday May 14, 2025.

From what is seen on the 4-hour chart of the Crude Oil commodity instrument, there are several interesting facts, first the appearance of a Double Bottom pattern followed by Convergence

Arief Makmur 07:42 2025-05-14 UTC+2

EUR/USD Forecast for May 14, 2025

On Tuesday, the euro chose not to continue resisting market sentiment and joined the broader risk-on trend. The U.S. stock index S&P 500 rose by 0.72%, the dollar index declined

Laurie Bailey 05:03 2025-05-14 UTC+2

GBP/USD Forecast for May 14, 2025

Amid yesterday's surge in risk appetite and general market optimism (S&P 500 +0.72%, WTI +2.78%, Dollar Index -0.76%), the British pound did not attempt to test the target support

Laurie Bailey 05:03 2025-05-14 UTC+2

AUD/USD Forecast for May 14, 2025

The Australian dollar has broken above the 0.6394–0.6444 range. The signal line of the Marlin oscillator reversed upward before reaching the boundary of the bearish zone. Considering possible fluctuations, allowing

Laurie Bailey 05:03 2025-05-14 UTC+2

Trading Signals for GOLD for May 12-15, 2025: buy above $3,225 (200 EMA - 6/8 Murray)

Early in the American session, gold is trading around 3,249, rebounding after reaching the low of 3,224, which coincided with the 200 EMA. After reaching this bottom, gold is rebounding

Dimitrios Zappas 18:50 2025-05-13 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.