empty
31.03.2025 12:28 PM
Forecast for GBP/USD on March 31, 2025

On the hourly chart, the GBP/USD pair traded sideways on Friday, but two rebounds from the 1.2931 level allow for some potential growth toward the 127.2% Fibonacci corrective level at 1.3003. A rebound from this level would favor the US dollar and lead to a decline toward the 1.2931 level. A close above 1.3003 would end the sideways trend.

This image is no longer relevant

The wave structure is completely clear. The last completed downward wave did not break the previous low, while the most recent upward wave broke the previous high. Thus, a bullish trend is currently forming. The pound has shown strong growth recently, despite the fact that the news background was not strong enough to justify such aggressive buying. However, most traders are unwilling to buy the dollar regardless of the economic data, as Donald Trump continues to introduce new tariffs, which are expected to negatively impact US and global economic growth in the future.

Friday's news background was relatively favorable for the bulls. They didn't manage to significantly improve their positions but didn't lose any ground either. The key data came from GDP and retail sales reports. GDP didn't disappoint (as it could have), and retail sales rose by 1% m/m and 2.2% y/y, which exceeded traders' expectations. Thus, even on days when the pound can't continue its rally, bears still fail to capitalize—or don't even try. Let me remind you that Donald Trump is also responsible for the pound's rise. The pound itself doesn't have many reasons to grow steadily over the past couple of months. As for the dollar, while it also lacks strong bearish drivers, the single factor known as "Trump" outweighs all others combined. I believe that even this week, US economic data will not matter as much as Trump's potential announcement of new tariffs, which could come as early as the day after tomorrow.

This image is no longer relevant

On the 4-hour chart, the pair continues to move upward. I don't expect a strong decline in the pound until the quotes fall below the ascending channel. A rebound from the 38.2% Fibonacci level at 1.2994 will again favor the US dollar and lead to a decline toward the 50.0% corrective level at 1.2861. In my view, the recent pullback has been too weak to consider the bullish trend over. A firm close above 1.2994 will increase the likelihood of further growth.

Commitments of Traders (COT) Report:

This image is no longer relevant

The sentiment among the "Non-commercial" trader category became more bullish last week. The number of Long positions held by speculators increased by 13,075, while Short positions decreased by 1,806. Bears have lost their advantage in the market. The gap between Long and Short positions now stands at nearly 44,000 in favor of the bulls: 109,000 vs. 65,000.

In my view, the pound still has downside potential, but recent developments may lead to a long-term market reversal. Over the past three months, Long positions have increased from 98,000 to 109,000, while Shorts have dropped from 78,000 to 65,000. More importantly, over the last eight weeks, Longs have grown from 59,000 to 109,000, and Shorts have fallen from 81,000 to 65,000. Let me remind you—these have been "eight weeks of Trump's rule"...

Economic calendar for the US and UK:

US – Chicago PMI (13:45 UTC)

On Monday, the economic calendar contains only one entry, which is unlikely to attract much attention. The news background is not expected to influence market sentiment significantly today.

GBP/USD Forecast and Trader Tips:

Short positions may be considered upon a new rebound from the 1.3003 level on the hourly chart, with targets at 1.2931 and 1.2865, as the pair remains in a sideways range. Long positions were possible upon a close above 1.2931 on the hourly chart or a rebound from 1.2865. At present, the movement is nearly horizontal, making it difficult for bulls to secure a foothold above 1.3003.

Fibonacci levels are plotted from 1.2809–1.2100 on the hourly chart and from 1.2299–1.3432 on the 4-hour chart.

Pilih carta masa
5
min
15
min
30
min
1
jam
4
jam
1
hari
1
minggu
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN

Artikel yang dicadangkan

Ramalan untuk EUR/USD pada 10 Jun 2025

Pada hari Isnin, pasangan EUR/USD didagangkan secara mendatar antara paras 1.1380 dan 1.1454, membentuk satu julat. Oleh demikian, lantunan dari zon sokongan 1.1374–1.1380 akan memihak kepada euro dan menyokong pertumbuhan

Samir Klishi 10:33 2025-06-10 UTC+2

GBP/USD. 10 Jun. Pengangguran Meningkat di UK

Pada carta jam-jam, pasangan GBP/USD pada hari Isnin membuat dua lantunan dari tahap pembetulan 161.8% pada 1.3520 tetapi gagal untuk memulakan pergerakan menaik. Hari ini, pada hari Selasa, pasangan

Samir Klishi 10:21 2025-06-10 UTC+2

Analisis Teknikal Pergerakan Harga Intraday Pasangan Mata Wang Utama EUR/USD, Selasa 10 Jun 2025.

Dengan kemunculan corak Ascending Broadening Wedge yang diikuti oleh kemunculan corak Bearish 123, ini memberikan petunjuk bahawa dalam masa terdekat, pasangan EUR/USD berpotensi untuk melemah, terutamanya dengan pengesahan kemunculan perbezaan

Arief Makmur 05:59 2025-06-10 UTC+2

Analisis Teknikal Pergerakan Harga Harian bagi Pasangan Mata Wang Silang GBP/JPY, Selasa 10 Jun 2025.

Pada carta 4 jam pasangan mata wang silang GBP/JPY, terdapat beberapa perkara menarik yang dapat diperhatikan. Pertama, pergerakan harga bergerak di atas WMA (21) yang mempunyai cerun yang bergerak

Arief Makmur 05:59 2025-06-10 UTC+2

Ramalan untuk EUR/USD pada 10 Jun 2025

Hari Isnin berlalu dengan tenang di pasaran, dan perkara utama yang perlu diperhatikan adalah pemulihan korelasi berkaitan risiko. Euro kembali daripada sokongan garis MACD harian untuk hari kedua berturut-turut

Laurie Bailey 04:52 2025-06-10 UTC+2

Ramalan untuk GBP/USD pada 10 Jun, 2025

Pada hari Isnin, pound British ditutup dengan kenaikan kecil. Corak ini telah menjadi kebiasaan sepanjang minggu lalu — kenaikan dicirikan oleh lilin putih kecil, manakala penurunan berlaku melalui lilin hitam

Laurie Bailey 04:48 2025-06-10 UTC+2

Ramalan AUD/USD untuk 10 Jun 2025

Dolar Australia telah menunjukkan pertumbuhan yang sederhana melebihi satu angka dalam tempoh 10 hari yang lalu, tetapi keengganan pengayun Marlin untuk mengikuti pergerakan menaik ini menimbulkan kebimbangan dalam kalangan pasaran

Laurie Bailey 04:46 2025-06-10 UTC+2

Isyarat Dagangan untuk EMAS (XAU/USD) bagi 9-12 Jun 2025: jual di bawah $3,350 (21 SMA - 7/8 Murray)

Awal sesi Amerika, emas didagangkan sekitar 3,317, melantun selepas mencapai paras rendah 3,294 semasa sesi Eropah. Pada carta H4, emas boleh terus meningkat dan boleh mencapai 21SMA yang terletak sekitar

Dimitrios Zappas 15:23 2025-06-09 UTC+2

Isyarat Dagangan EUR/USD untuk 9-12 Jun 2025: jual di bawah 1.1415 (21 SMA - 6/8 Murray)

Kami percaya euro boleh terus melemah memandangkan satu corak kesinambungan menurun sedang terbentuk, namun kita harus menjangkakan ia menembusi di bawah paras 1.1400, yang kemudiannya boleh mencapai dasar saluran arah

Dimitrios Zappas 15:20 2025-06-09 UTC+2

EUR/USD. Analisis dan Ramalan

Hari ini, pasangan EUR/USD menarik minat pembeli, memulihkan sebahagian kerugian pada hari Jumaat di tengah kelemahan dolar AS. Dari sudut pandangan teknikal, pasangan EUR/USD kini menunjukkan ketahanan di bawah Purata

Irina Yanina 13:57 2025-06-09 UTC+2
Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget
 

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.