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

EUR/USD. July 3rd. The Most Important Day of the Week

On Wednesday, the EUR/USD pair rebounded from the 1.1802 level, reversed in favor of the U.S. dollar, and showed a slight decline. However, by Thursday morning, the pair had returned

Samir Klishi 12:10 2025-07-03 UTC+2

GBP/USD. The Sterling May Stop Receiving Support

As previously mentioned on multiple occasions, the strength of the major currencies traded against the U.S. dollar on the foreign exchange (Forex) market was based solely on the fundamental weakness

Pati Gani 11:27 2025-07-03 UTC+2

Forex forecast 03/07/2025: EUR/USD, USD/JPY, GBP/USD, SP500, Gold 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 10:57 2025-07-03 UTC+2

Forecast for GBP/USD on July 3, 2025

On the hourly chart, the GBP/USD pair on Wednesday rebounded from the 200.0% retracement level at 1.3749, reversed in favor of the U.S. dollar, and fell below the support zone

Samir Klishi 10:03 2025-07-03 UTC+2

If Crude Oil manages to break below the Pivot level, it has the potential to test its nearest Support level, Thursday, July 03, 2025.

Crude Oil, Thursday, July 03, 2025. Poor global economic conditions such as the stagnation of Chinese & European manufacturing have triggered concerns about global Crude Oil demand and expectations

Arief Makmur 07:36 2025-07-03 UTC+2

The Nasdaq 100 index has the potential to test its closest Resistance level, Thursday, July 03, 2025.

Nasdaq 100 Index, Thursday, July 03, 2025. Positive Big Tech Company financial reports and the increasingly strong rumors of the Fed's Dovish policy and the rise of AI innovation have

Arief Makmur 07:36 2025-07-03 UTC+2

EUR/AUD Forecast for July 3, 2025

On the daily chart, the EUR/AUD pair is moving sideways in the upper half of the price channel and above the MACD indicator line. The signal line of the Marlin

Laurie Bailey 06:33 2025-07-03 UTC+2

EUR/USD Forecast for July 3, 2025

Ahead of today's U.S. employment data release for June, the euro consolidated near the price channel line on the daily chart. The long lower shadow of the candlestick suggests that

Laurie Bailey 05:11 2025-07-03 UTC+2

GBP/USD Forecast for July 3, 2025

By the end of yesterday, the British pound had lost 108 pips. Although the reason was not the anticipation of today's U.S. employment data, but rather domestic political turmoil, this

Laurie Bailey 05:11 2025-07-03 UTC+2

Silver Forecast for July 3, 2025

After two days of intense struggle (Monday and Tuesday) between the bulls and bears along the price channel line amid heightened volatility, yesterday we saw the outcome — the bulls

Laurie Bailey 05:11 2025-07-03 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.