Forex data GBP/USD
Date : 2025-02-28
Opening : 1.26001
Higher up: 1.26220
Below: 1.25589
Closing : 1.25740

Economic news : No news found.

Detailed analysis:
To analyse the GBP/USD forex market on 28 February 2025, let's take a look at some of the technical and fundamental factors that could influence the market.

### Technical Analysis

1. **Price movement:**
- Open:** 1.26001
- Highest:** 1.26220
- Lowest:** 1.25589
- Closing:** 1.25740

The GBP/USD fell on the day, opening at 1.26001 and closing at 1.25740. This indicates bearish pressure on the pair during the session.

2. **Trend:**
- The pair reached a high of 1.26220 and a low of 1.25589, showing moderate volatility with a slightly downward trend given the close below the open.
- If the downtrend continues, immediate support could be found around the day's low of 1.25589.

3. **Technical indicators:**
- Moving averages:** If available, the price's position relative to the short-term (e.g. 20-day) and long-term (e.g. 50-day) moving averages could confirm the downtrend.
- RSI and MACD:** These indicators could provide information on momentum. An RSI below 30 could indicate an oversold condition, while a negative MACD would suggest a strengthening downtrend.

### Fundamental Analysis

1. **Impact of Economic News:**
- No specific economic news has been reported for the day, which means that movements could be influenced more by technical factors or geopolitical events not reported here.

2. **Macroeconomic factors:**
- Bank of England decisions, inflation data and economic indicators such as GDP and the labour market could influence sterling.
- USD:** Federal Reserve policies, US employment figures and other key economic indicators such as inflation and GDP growth are crucial for the US dollar.

### Short-Term Forecasts

- Possible scenarios:**
- Bearish scenario:** If the pressure continues, the pair could test support at 1.25589 and potentially fall further if this level is breached.
- Bullish scenario:** To reverse the trend, the GBP/USD would have to rise above the 1.26220 level, which could signal a return to a short-term uptrend.

- Factors to watch:**
- Investors should watch for major economic announcements from the US and UK, speeches from central banks and any geopolitical developments that could affect market confidence.

To sum up, the GBP/USD pair is currently in a short-term downtrend in the absence of any major economic announcements. Traders should be alert to key technical levels and future economic news that could influence the pair's movements.