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13.03.2025 10:45 AM
Indicator Analysis: Daily Review for GBP/USD on March 13, 2025
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Trend Analysis (Fig. 1):

On Thursday, the market may start moving downward from the 1.2959 level (yesterday's daily close) toward 1.2924 – the 14.6% retracement level (yellow dashed line). From this level, the price might rebound upwards toward 1.2988 – the upper fractal (blue dashed line).

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Fig. 1 (Daily Chart)

Comprehensive Analysis:

  • Indicator Analysis: Bearish
  • Fibonacci Levels: Bearish
  • Volume Analysis: Bearish
  • Candlestick Analysis: Bearish
  • Trend Analysis: Bullish
  • Bollinger Bands: Bullish
  • Weekly Chart: Bearish

Overall Conclusion: Bearish trend.

Alternative Scenario:

The price could start moving downward from 1.2959 (yesterday's daily close) toward 1.2886 – the 23.6% retracement level (yellow dashed line). From this level, a potential upward correction to 1.2988 – the upper fractal (blue dashed line) may occur.

Stefan Doll,
Analytical expert of InstaTrade
© 2007-2025

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