empty
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
Summary
Urgency
Analytic
Sergey Belyaev
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST

Recommended Stories

Forex forecast 08/10/2025: EUR/USD, NZD/USD, USD/JPY, 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 13:23 2025-10-08 UTC+2

EUR/USD Forecast on October 8, 2025

On Tuesday, the EUR/USD pair rebounded from the 38.2% retracement level at 1.1718 on the new Fibonacci grid, reversed in favor of the US dollar, and fell, consolidating below

Samir Klishi 11:39 2025-10-08 UTC+2

GBP/USD. Technical Analysis on October 8, 2025

On Tuesday, the pair moved downward to the 85.4% level – 1.3389 (red dotted line), then went upward, closing the daily candle at 1.3421. Today, it may possibly continue moving

Stefan Doll 10:13 2025-10-08 UTC+2

EUR/USD. Technical Analysis on October 8, 2025

On Tuesday, the pair moved downward toward the fractal at 1.1645 (red dotted line), then turned upward, closing the daily candle at 1.1655. Today it may continue moving lower

Stefan Doll 10:12 2025-10-08 UTC+2

GBP/USD Forecast on October 8, 2025

On the hourly chart, the GBP/USD pair on Tuesday rebounded from the 61.8% Fibonacci level at 1.3482, turned in favor of the U.S. dollar, and fell below the 76.4% corrective

Samir Klishi 10:08 2025-10-08 UTC+2

Forex forecast 07/10/2025: EUR/USD, GBP/USD, USD/JPY, Oil, SP500 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 09:24 2025-10-08 UTC+2

Gold has the potential to strengthen and rise towards its nearest resistance. Wednesday, October 8, 2025.

[Gold] – [Wednesday, October 8, 2025] With the condition of both EMAs crossing a Golden Cross and the RSI at Extreme-Bullish levels today, buyers still dominate XAU/USD. Key Levels

Arief Makmur 08:24 2025-10-08 UTC+2

EUR/USD Forecast for October 8, 2025

At the end of yesterday's trading session, the euro fell by 53 pips. During today's Pacific session, the price has already dropped another 30 pips, approaching the target level

Laurie Bailey 06:19 2025-10-08 UTC+2

GBP/USD Forecast for October 8, 2025

On the weekly chart, the price is trying to push through the support of the MACD line. This line has been broken several times in the past (marked by green

Laurie Bailey 06:19 2025-10-08 UTC+2

EUR/USD Forecast on October 7, 2025

On Monday, the EUR/USD pair resumed its decline against forecasts but during the day still reversed in favor of the euro and consolidated above the 76.4% Fibonacci level at 1.1695

Samir Klishi 12:00 2025-10-07 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.