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U.S. Dollar / Pound Sterling

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Fundamental Market Analysis for March 19, 2025 GBPUSDEvent to pay attention to today: 20:00 EET. USD - FOMC Rate Decision GBPUSD: The GBP/USD pair is currently experiencing a decline, trading near 1.29900 during Asian hours on Wednesday after rising in the previous two sessions. The pair is encountering difficulties as the US Dollar (USD) remains strong, supported by stable US Treasury bond yields ahead of the Federal Reserve's (Fed) interest rate decision later in the day. Market expectations are that the Fed will maintain its current interest rates, in light of ongoing concerns regarding inflation and economic uncertainty. The U.S. Dollar Index (DXY), a measure of the dollar's strength against six major currencies, is currently trading near 103.40. Meanwhile, yields on 2-year and 10-year US Treasuries are currently at 4.04% and 4.29%, respectively. However, the US dollar has experienced some pressure due to weak economic data from the US and recent tariff threats from US President Donald Trump, contributing to investor uncertainty. Traders are closely monitoring the Fed's updated economic forecasts for further indications regarding the future trajectory of US interest rates. Any indications of a hawkish stance from Fed policymakers could potentially weaken the US dollar against its counterparts. In addition to the economic factors, The Wall Street Journal reports that Trump has dismissed two Democratic commissioners of the Federal Trade Commission (FTC). The legality of this action is being contested, and there is speculation that it may set the stage for the dismissal of Fed Chairman Jerome Powell and other members of the Federal Reserve. The British pound (GBP) is trading cautiously as investors focus on the Bank of England's (BoE) interest rate decision scheduled for Thursday. Market expectations are for the Bank of England to maintain borrowing costs at 4.5%, with a predicted 7-2 vote split. Bank of England Monetary Policy Committee (MPC) members Catherine Mann and Swati Dhingra are expected to favour a rate cut. At the February meeting, both officials advocated for a 50 basis points (bps) rate cut, while the majority supported a more conventional 25 bps reduction. Trading recommendation: SELL 1.29700, SL 1.30300, TP 1.28900
Short
by Fresh-Forexcast2004
GBP/USD - 1H Chart Analysis📉 GBP/USD - 1H Chart Analysis 📊 Current Price: 1.29123 📍 Market Outlook: Potential bearish move ✅ Key Levels to Watch: 🔹 Resistance Zone: 1.29900 - 1.30400 (Strong supply area) 🔹 Support Zones: 1.29514 (Short-term support & possible pullback level) 1.28543 (First major demand zone) 1.28143 (Deeper liquidity grab level) 📈 Bearish Scenario: If price fails to break 1.29900, it may reject downward. A clean break below 1.29514 could trigger a drop towards 1.28543. 📉 Bullish Scenario: If price reclaims 1.29900, it may push toward 1.30400. ⚡ Trade Idea: 🔴 Sell below 1.29514 targeting 1.28543 with SL above 1.29900 🟢 Buy above 1.29900 targeting 1.30400 with SL below 1.29514 📢 Risk Management: Always use stop-loss and proper risk-reward! #FXFOREVER #GBPUSD #ForexTrading #SmartMoney #Liquidity #PriceAction
Short
by FXFOREVER_87
GBP/USD: ID50 Setup Bullish Trade Opportunity1. **ID50 Setup Formation:** - The market appears to have formed a **peak formation low**, followed by a reversal into an upward trend. - The price retraced to the **50 EMA (blue line)**, which aligns with the **ID50 trade entry zone** in BTMM. - A bounce off this moving average suggests **bullish continuation**. 2. **Market Structure & Momentum:** - Higher highs and higher lows are evident, confirming an uptrend. - The **red EMA (13 EMA)** remains above the **50 EMA**, reinforcing the bullish sentiment. - Price recently tested the **50 EMA support**, indicating a potential **buying opportunity**. 3. **Key Levels to Watch:** - The nearest **resistance zone** is around **1.29700**, which might serve as the next target. - Support is currently around **1.29000**, aligning with the 50 EMA. **Conclusion:** If the price maintains support above the 50 EMA, the **bullish ID50 setup** suggests a continuation of the uptrend. A break above recent highs could lead to further gains. However, traders should watch for potential **stop hunts** before a strong move occurs.
Long
by BeaucoupPips
GBP/USD Intraday Market Analysis: Potential Upside ReversalThe GBP/USD 15-minute chart suggests a possible bullish reversal following a period of consolidation near the 200-period moving average. Price action formed multiple rejection wicks at a key support level, indicating buying interest. A bullish engulfing candle has emerged, confirming a potential shift in momentum. The risk-to-reward setup highlights a long position, with stop-loss protection just below the recent lows and a target towards previous liquidity zones. The stochastic-based momentum indicator shows a crossover in oversold territory, further supporting potential upside movement. If price sustains above the 200 EMA and breaks through immediate resistance, further bullish continuation is likely. However, failure to hold above the entry level could invalidate the setup, leading to further downside pressure.
Long
by BeaucoupPips
GBP/USD Market Analysis: Potential Short Setup at ResistanceThe GBP/USD pair is trading near the **1.3000** psychological level, showing signs of consolidation after a strong bullish move. The chart suggests a potential reversal as price approaches a key resistance zone, with an apparent liquidity grab at the recent high. The highlighted area around **1.2946 - 1.2921** represents a significant **H4 demand zone**, where price could retrace before continuing its next move. A break below this zone would indicate a deeper correction, with potential downside targets towards **1.2870** (OA level). **Key Considerations:** - A sustained break above **1.3000** could invalidate the bearish setup, leading to further upside momentum. - A rejection at this level, combined with bearish price action, could confirm a short opportunity with a target towards the demand zone and lower support areas. **Conclusion:** Traders should monitor price action around the resistance level and confirmation of a bearish reversal before committing to short positions. If bullish momentum persists, a breakout could open the door for further gains.
Long
by BeaucoupPips
GBPUSD Wave Analysis – 18 March 2025 - GBPUSD reversed from support zone - Likely to rise to resistance level 1.3050 GBPUSD currency pair recently reversed from the support zone between the support level 1.2900 and the upper trendline of the daily up channel from January. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing - which continued the active impulse wave (C). Given the strongly bullish sterling sentiment, GBPUSD currency pair can be expected to rise to the next resistance level 1.3050 (the former monthly high from November).
Long
by FxProGlobal
GBPUSD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE This chart shows a technical analysis of GBP/USD on the 1-hour timeframe. 1. Resistance Rejection – Price reached 1.30056 and faced rejection, indicating a possible reversal. 2. Bearish Scenario – The chart suggests a potential drop toward 1.29514 as the first support. 3. Breakdown Possibility – If 1.29514 fails, price could continue falling toward 1.29136, the next key support. 4. Price Action Structure – The drawn arrows indicate a possible retest of 1.29514 before a further decline. Overall, this chart signals a potential bearish move if price fails to hold above key levels.
Short
by Davidhills_110
GBP/USD: Bullish Channel Meets Overbought Zone in RSISince March 3, an unprecedented bullish movement has emerged on the GBP/USD daily chart, with the pair accumulating a gain of over 3% during this period. The bullish pressure continues to be driven by uncertainty surrounding the trade war, which has gradually weakened the U.S. dollar, prompting investors to seek refuge in European currencies. Today, the market is showing a strong neutral candle, partly due to the expectation surrounding the Federal Reserve’s interest rate decision, which will be announced tomorrow, along with the Bank of England’s decision on Thursday. Until the outcomes of both central bank meetings are known, the neutral bias is likely to dominate short-term movements in GBP/USD. Bullish Channel Since mid-January, a consistent bullish pressure has developed in the pair, forming a short-term ascending channel. Currently, price movements are testing the upper boundary of this channel. If buying pressure remains strong, the bullish trend could accelerate in the coming sessions, leading to a steeper channel in the short term. RSI (Relative Strength Index) However, the RSI presents a different scenario. The upper boundary of the bullish channel coincides with the overbought zone, as the RSI oscillates near 70 . Additionally, higher highs in price and lower highs in the RSI indicate a persistent divergence. These two signals suggest that buying momentum may be slowing down, potentially leading to short-term bearish corrections. MACD (Moving Average Convergence Divergence) The MACD is showing a similar trend to the RSI. The signal line and MACD line are at levels not seen since August 2024, and a potential crossover could occur in the coming sessions. This indicates that the recent bullish momentum in moving averages is gradually fading, which could create room for selling corrections in the upcoming sessions. Key Levels to Watch: 1.29721 – Current Resistance: This significant resistance level sits at the upper boundary of the bullish channel and coincides with the 61.8% Fibonacci retracement level. Sustained breakouts above this level could accelerate buying pressure, leading to a stronger bullish move. 1.27700 – Near-Term Support: This support zone aligns with the 50% Fibonacci retracement level and could serve as a potential area for short-term bearish corrections. 1.26183 – Distant Support: This critical support aligns with the 50- and 100-period moving averages and the lower boundary of the larger bullish channel. A break below this level could jeopardize the current bullish formation, potentially triggering a stronger bearish move. By Julian Pineda, CFA – Market Analyst
by FOREXcom
GBPUSD - Super Bullish ContinuationGBPUSD seems to be in super bullish mood as price broke out of the consolidation channel very aggressively as indicated by ultra high bullish bars formed at Awesome Oscillator indicator. We may note that institutional accumulation might be taking place with in consolidation channel as exhibited by high volume bars with in that descending channel. So powerful break out seems to have institutional backing as well meaning we have solid support in that area. As price growth has lost steam as of now, we may expect retracement upto golden zone and then resume with bullish continuation.
Long
by marazzaq62