Forex analysis - 2025-02-21 (13:52)

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:
For a complete analysis of the GBP/USD forex market, here are a few points to consider:

### Current trend
The GBP/USD pair fell slightly during the session on 21 February 2025. It opened at 1.26707 and closed at 1.26302, with a high of 1.26785 and a low of 1.26245. This fluctuation indicates moderate downward pressure on the pair over the course of the day.

### Impact of Economic News
There was no major economic news reported for the day, meaning that the movement could be attributed to other factors, such as technical adjustments, profit taking or capital movements. The absence of major economic news may also indicate that traders are focusing on past data or anticipated future events.

### Short-Term Forecasts
1. **Bullish scenario:** If the pair manages to hold above the support level at 1.26245 and positive factors emerge (such as favourable economic data for the UK or a weaker US dollar), we could see a rebound towards the resistance levels around 1.26785.

2. **Bearish scenario:** If the pair breaks the support level at 1.26245, this could indicate a continuation of the downtrend in the short term. The next levels to watch would then be the lower supports, potentially around 1.26000.

3. **Sideways scenario:** In the absence of major catalysts, the pair could continue to trade in a narrow range between identified support and resistance, with movements influenced by technical factors and overall market sentiment.

### Technical Factors
- Moving averages:** It would be useful to monitor the short- and medium-term moving averages to determine whether they confirm the downtrend or signal a potential reversal.
- Momentum indicators:** Indicators such as the RSI or MACD could provide additional clues as to the strength of the current trend.

### Conclusion
The GBP/USD pair appears to be under bearish pressure, but without major economic events, movements could remain limited. Traders should monitor key technical levels and be alert to any unexpected economic or geopolitical announcements that could influence the pair's future direction.