Forex analysis - 2025-02-21 (09:01)

Forex data GBP/USD
Date : 2025-02-21
Opening : 1.26707
Higher up: 1.26785
Below: 1.26245
Closing : 1.26302

Economic news : No news found.

Detailed analysis:
To carry out a complete analysis of the Forex market for the GBP/USD pair on 21 February 2025, we need to consider several technical and fundamental aspects, even in the absence of specific economic news.

### Technical Analysis

1. **Movements of the day:**
- Opening:** 1.26707
- Higher:** 1.26785
- Lowest:** 1.26245
- Closing:** 1.26302

GBP/USD opened at 1.26707 and showed little volatility throughout the day, with a high of 1.26785 and a low of 1.26245. The close at 1.26302 indicates a slight drop from the opening, which could suggest moderate selling pressure.

2. **Current trend:**
- The close below the open suggests a minor downtrend for the day. However, to confirm a broader trend, it would be essential to examine the data over several days or even weeks.
- Immediate support and resistance levels can be identified around 1.26245 (support) and 1.26785 (resistance).

3. **Technical indicators:**
- Moving Averages:** If the short-term moving average (e.g. 10 days) is above the long-term moving average (e.g. 50 days), this could indicate an uptrend, and vice versa.
- RSI (Relative Strength Index):** An RSI close to 30 could indicate that the market is oversold, while an RSI close to 70 could indicate an overbought market.

### Fundamental Analysis

1. **Impact of Economic News:**
- In the absence of specific economic news, it is difficult to determine the direct fundamental impact. However, underlying factors such as the monetary policies of the Bank of England and the Federal Reserve, general economic trends in the UK and US, and geopolitical events can influence the pair.

2. **Market sentiment:**
- General market sentiment can be influenced by expectations regarding interest rates, inflation and economic growth in both countries. It is crucial to keep an eye on future economic publications, such as reports on employment, inflation and monetary policy decisions.

### Short-Term Forecasts

1. **Possible scenarios:**
- Bullish:** If the market manages to break through resistance at 1.26785 on high volume, this could signal a recovery to higher levels, especially if supported by positive economic data or accommodative statements from central banks.
- Bearish:** A break below support at 1.26245 could open the way for further selling pressure, with potential targets at 1.26000 or lower.
- Neutral:** If the pair continues to fluctuate within the current range, this could indicate a wait for major catalysts before a significant directional move.

In conclusion, technical analysis suggests a slight downtrend for the day, but the absence of economic news makes fundamental analysis less accurate. We recommend keeping a close eye on economic and geopolitical developments for future indications.