empty
21.03.2025 11:52 AM
Forecast for GBP/USD on March 21, 2025

On the hourly chart, the GBP/USD pair on Thursday dropped to the 1.2931 level, rebounded from it, saw a slight rise, and returned to 1.2931 again on Friday morning. A new rebound from this level would once again favor the British pound and support some growth toward the 127.2% Fibonacci level at 1.3003. A consolidation below 1.2931 would increase the likelihood of a continued decline toward the next support level at 1.2865. For now, bears are doing their best to break the bullish trend, but they lack sufficient strength.

This image is no longer relevant

The wave structure is quite clear. The last completed downward wave did not break the previous low, while the latest upward wave did surpass the previous high. This indicates that the bullish trend remains intact. The pound has shown very strong gains recently, even though the fundamental background wasn't strong enough to justify such aggressive buying. However, most traders are simply unwilling to buy the U.S. dollar, regardless of the economic data, as Donald Trump's repeated tariff actions are expected to undermine future U.S. and global economic growth.The fundamental backdrop on Thursday was more favorable to the pound than the dollar. While the FOMC meeting might have been expected to support the dollar, the Bank of England meeting gave the pound the upper hand. Andrew Bailey cautioned markets against expecting excessive monetary easing, and only one out of nine MPC members voted for a rate cut. Traders had anticipated a more dovish outcome. Meanwhile, UK labor data wasn't strong, with unemployment rising by 44,000 in February, well above forecasts. In contrast, U.S. data beat expectations. As a result, bulls and bears tugged back and forth all day, but the GBP/USD pair remained stuck between 1.2931 and 1.3003. Today, bears will attempt again to push below 1.2931.

This image is no longer relevant

On the 4-hour chart, the pair remains in an uptrend. A significant decline in the pound is unlikely unless there is a close below the ascending channel. The CCI indicator has formed another bearish divergence, which, like the previous one, has yet to impact bullish positions. A rejection from the 1.2994 level would indicate potential weakness and suggest a decline toward the 50.0% Fibonacci level at 1.2861.

Commitments of Traders (COT) Report:

This image is no longer relevant

Sentiment among "Non-commercial" traders became more bullish over the last reporting week. The number of long positions held by speculators increased by 12,920, while short positions rose by only 2,301. Bears have lost their advantage. The gap between long and short positions now stands at nearly 30,000 in favor of the bulls: 95,000 vs. 66,000.

In my view, the pound still has downward potential, but recent developments could lead the market to shift direction in the long term. Over the past three months, the number of long positions fell from 98,000 to 94,000, and shorts dropped from 78,000 to 66,000. However, more importantly, over the past six weeks, long positions rose from 59,000 to 95,000, while short positions dropped from 81,000 to 66,000. Let me remind you, these are the "six weeks of Trump's influence".

Economic Calendar for the U.S. and UK:

Friday's economic calendar is empty. Therefore, fundamental news will have no influence on market sentiment today.

GBP/USD Forecast and Trading Tips:

Selling the pair was possible on a rebound from 1.3003 on the hourly chart, targeting 1.2931 and 1.2865. The first target has been reached. A close below it would justify keeping short positions open with the second target in mind. Buying is possible on a fresh rebound from 1.2931 on the hourly chart, targeting 1.3003.

Fibonacci grids are drawn from 1.2809 to 1.2100 on the hourly chart, and from 1.2299 to 1.3432 on the 4-hour chart.

Samir Klishi,
انسٹافاریکس کا تجزیاتی ماہر
© 2007-2025
ٹائم فریم منتخب کریں
5
منٹ
15
منٹ
30
منٹ
1
گھنٹہ
4
گھنٹے
1
دن
1
ہفتہ
انسٹافاریکس کے ساتھ کرپٹو کرنسی کی معاملاتی تبدیلیوں سے کمائیں۔
میٹا ٹریڈر 4 ڈاؤن لوڈ کریں اور اپنی پہلی ٹریڈ کھولیں۔
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    مقابلہ میں شامل ہوں

تجویز کردہ مضامین

اپریل 15 2025 کو یورو / یو ایس ڈی کی پیشن گوئی

پیر کو، یورو / یو ایس ڈی جوڑا مسلسل بڑھتا رہا لیکن دن کے اختتام تک 1.1318 پر 261.8% فیبوناچی ریٹریسمنٹ کی سطح پر واپس آ گیا۔

Samir Klishi 16:02 2025-04-15 UTC+2

اپریل 15 2025 کو جی بی پی / یو ایس ڈی کی پیشن گوئی

فی گھنٹہ چارٹ پر، جی بی پی / یو ایس ڈی پئیر پیر کو بڑھتا رہا اور اس نے 1.3139 کی سطح سے اوپر کی پوزیشن حاصل کی۔ اس طرح،

Samir Klishi 15:50 2025-04-15 UTC+2

اپریل 15-18 2025 کے لیے سونے (ایکس اے یو / یو ایس ڈی) کے لیے تجارتی سگنل: $3,220 سے نیچے فروخت (+1/8 مرے - 21 ایس ایم اے)

ایگل انڈیکیٹراوور باٹ سطح پر پہنچ رہا ہے، اس لیے ہم اس کی بلند ترین 3,245 سے نیچے فروخت کے مواقع تلاش کریں گے، جس کے اہداف 3,200، 3,170

Dimitrios Zappas 15:12 2025-04-15 UTC+2

Forecast for EUR/USD on April 14, 2025

جمعہ کو،یورو / یو ایس ڈی جوڑا مسلسل بڑھتا رہا لیکن دن کے دوسرے نصف حصے میں واپس چلا گیا۔ گراوٹ (یعنی ڈالر کی مضبوطی) قلیل مدتی تھی، اور جمعہ

Samir Klishi 20:30 2025-04-14 UTC+2

Forecast for GBP/USD on April 14, 2025

گھنٹہ وار چارٹ پر، جی بی پی / یو ایس ڈی جوڑے نے جمعہ کو اپنی اوپر کی حرکت جاری رکھی اور آج 1.3151 کی سطح تک پہنچنے

Samir Klishi 20:27 2025-04-14 UTC+2

اپریل 14-17 2024 کے لیے سونے (ایکس اے یو / یو ایس ڈی) کے لیے تجارتی سگنل: $3,224 سے نیچے فروخت (+1/8 مرے - 21 ایس ایم اے)

آنے والے گھنٹوں کے لیے ہمارا تجارتی منصوبہ 3,224 سے نیچے سونا فروخت کرنا ہے، جس کا ہدف 3,203 اور 3,156 ہے۔ ہمیں کسی بھی تکنیکی بحالی کے لیے چوکنا

Dimitrios Zappas 20:03 2025-04-14 UTC+2

اپریل 11-13 2025 کے لیے سونے (ایکس اے یو / یو ایس ڈی) کے لیے تجارتی سگنل: $3,235 سے نیچے فروخت (+1/8 مرے - زیادہ خریدا گیا)

ہم آنے والے دنوں میں 3,125 پر 8/8 مرے کی طرف مضبوط تکنیکی اصلاح کی توقع کر سکتے ہیں۔ دھات 3,089 پر واقع

Dimitrios Zappas 20:06 2025-04-11 UTC+2

اپریل 11-15 2025 کے لیے یورو / یو ایس ڈی کے لیے تجارتی اشارہ: 1.1470 سے نیچے فروخت (+2/8 مرے - زیادہ خریدا گیا)

یورپی سیشن کے دوران، یورو 1.1473 پر واقع +2/8 مرے کے ارد گرد ایک نئی بلندی پر پہنچ گیا۔ یورو / یو ایس ڈی میں یہ حرکت چین کی وزارت

Dimitrios Zappas 19:52 2025-04-11 UTC+2

جی بی پی / یو ایس ڈی کی پیشن گوئی برائے 11 اپریل 2025

گھنٹہ وار چارٹ پر، جی بی پی / یو ایس ڈی پئیر نے جمعرات کو اپنی اوپر کی حرکت جاری رکھی اور جمعہ کی صبح تک 1.3003 پر 127.2% اصلاحی

Samir Klishi 16:18 2025-04-11 UTC+2
ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.
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.