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10.03.2025 10:32 AM
Indicator Analysis: Daily Review for GBP/USD on March 10, 2025

Trend Analysis (Fig. 1):

On Monday, the market, starting from 1.2921 (Friday's daily close), may begin moving downward toward 1.2887, which corresponds to the 14.6% retracement level (yellow dashed line). From this level, the price may then continue moving upward toward 1.2944, which aligns with the upper fractal (yellow dashed line).

This image is no longer relevant

Comprehensive Analysis:

  • Indicator Analysis – Down
  • Fibonacci Levels – Down
  • Volume Analysis – Down
  • Candlestick Patterns – Down
  • Trend Analysis – Up
  • Bollinger Bands – Down
  • Weekly Chart – Down

Overall Conclusion: The general trend remains bearish.

Alternative Scenario:

If the price moves downward from 1.2921 (Friday's daily close), it may reach 1.2852 (the 23.6% retracement level, yellow dashed line). From this level, the price may then start an upward movement toward 1.2935, which serves as a historical support level (light blue dashed line).

Stefan Doll,
Analytical expert of InstaForex
© 2007-2025
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