Trade Analysis & Reviews: 12.03.2025 - Indicator Analysis: Daily...

12.03.2025 10:28 AM

Indicator Analysis: Daily Overview for GBP/USD on March 12, 2025

Trend Analysis (Figure 1).

On Wednesday, the market may begin moving downward from the 1.2942 level (previous daily close), targeting 1.2905—the 14.6% retracement level (yellow dashed line). Upon testing this level, the price may rebound upwards, aiming for 1.2977—resistance line (bold blue line).

Figure 1 (Daily Chart).

Comprehensive Analysis:

Indicator analysis – bearish
Fibonacci levels – bearish
Volume analysis – bearish
Candlestick analysis – bearish
Trend analysis – bearish
Bollinger Bands – bearish
Weekly chart – bearish

General Conclusion: Bearish Trend

Alternative Scenario: If the market starts declining from the 1.2942 level, it may target 1.2868 (23.6% retracement level, yellow dashed line). If this level is tested, the price may rebound upwards toward 1.2977—resistance line (bold blue line).

You have already liked this post today

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

#GBPUSD Technical analysis