empty
18.03.2025 04:37 AM
GBP/USD Forecast for March 18, 2025

On Monday, the pound rose by 53 pips and is now testing the resistance level at 1.3001. A breakout above this level would propel the pound's growth toward 1.3101. However, the pound must navigate the Federal Reserve's monetary policy decision tomorrow and the Bank of England meeting the following day.

This image is no longer relevant

From a technical standpoint, the price could fall to the support range of 1.2816 to 1.2847 due to speculative movements, but for now, the overall trend remains upward.

This image is no longer relevant

On the four-hour chart, the Marlin oscillator has broken out of its range to the upside, providing some optimism for the bulls. However, the consolidation range for the next day and a half (until the Fed's announcement) is rather narrow, limited by the MACD line at 1.2953 (a span of just 44 pips). The price may not be able to sustain this compression and could break out of the range prematurely, resulting in a false move. If the price consolidates above 1.3001, it would pave the way for growth toward 1.3101 and possibly up to 1.3184. From a purely technical perspective, the trend remains bullish and is not yet in an overbought condition.

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

Trading Signals for EUR/USD for March 20-22, 2025: sell below 1.0864 (+1/8 Murray - 21 SMA)

At the same time, fears about economic growth in the Eurozone are also playing a role against the euro, as this could force the ECB to further reduce interest rates

Dimitrios Zappas 16:43 2025-03-20 UTC+2

Trading Signals for GOLD (XAU/USD) for March 20-22, 2025: buy above $3,023 (7/8 Murray - 21 SMA)

Early in the American session, gold is trading around 3,032, undergoing a strong technical correction after reaching a new all-time high around 3,057. Despite selling pressure from profit-taking, it could

Dimitrios Zappas 16:41 2025-03-20 UTC+2

EUR/USD. March 20th. Bears Failed to Regain Control Once Again

On Wednesday, the EUR/USD pair rebounded from the 1.0944 level for the third time and reversed in favor of the U.S. dollar, declining toward the 200.0% Fibonacci level at 1.0857

Samir Klishi 10:41 2025-03-20 UTC+2

Forecast for GBP/USD on March 20, 2025

On the hourly chart, the GBP/USD pair rebounded from the 127.2% Fibonacci retracement level at 1.3003 on Wednesday, followed by a slight decline. Shortly after, the pair returned to 1.3003

Samir Klishi 10:36 2025-03-20 UTC+2

GBP/USD: Pound Losing Significant Bullish Momentum

The British currency has recently gained significantly against the dollar due to two key factors: the weakness of the U.S. currency amid recession risks in America and uncertainty about

Pati Gani 10:25 2025-03-20 UTC+2

Technical Analysis of Intraday Price Movement GBP/CHF Cross Currency Pairs, Thursday March 20, 2025.

Currently on the 4-hour chart, the GBP/CHF cross currency pair is seen moving in a Sideways condition, this can be seen from the WMA (30 Shift 2) moving through

Arief Makmur 07:23 2025-03-20 UTC+2

Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday March 20, 2025.

As seen on the 4-hour chart, the Nasdaq 100 index appears to have 3 interesting things, namely the first is the appearance of a Bullish 123 pattern, the second

Arief Makmur 07:23 2025-03-20 UTC+2

GBP/USD Forecast for March 20, 2025

Yesterday, the pound sterling closed at the opening level, targeting 1.3001. This allowed the price to start today with a quiet upward movement above this level. The Marlin oscillator successfully

Laurie Bailey 03:37 2025-03-20 UTC+2

EUR/USD Forecast for March 20, 2025

The Federal Reserve meeting has concluded, and our expectation that economic risks would be highlighted was correct. Both the accompanying statement and Powell's speech emphasized these concerns. The central bank

Laurie Bailey 03:37 2025-03-20 UTC+2

USD/JPY Forecast for March 20, 2025

Yesterday's Bank of Japan and Federal Reserve meetings were uneventful, but they did not provide any reasons for the yen to weaken against the dollar. Instead, the yen's strengthening trend

Laurie Bailey 03:37 2025-03-20 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.