Forex data GBP/USD
Date : 2025-03-07
Opening : 1.28784
Higher up: 1.28893
Below: 1.28730
Closing : 1.28800

Economic news :
GBP/USD - Ready to Finish the Cchannel
Markets Choppy As Trade Policy, Jobs Data Weigh
AUD/USD, GBP/USD: Riding Fiscal Tailwinds as Risk Appetite Roars

Detailed analysis:
### Complete Forex Market Analysis - GBP/USD

#### Market data for 7 March 2025 :
- Open:** 1.28784
- Highest:** 1.28893
- Lowest:** 1.28730
- Closing:** 1.28800

### Technical analysis :

1. **Current trend:**
- The GBP/USD pair rose slightly over the course of the day, opening at 1.28784 and closing at 1.28800. However, price movements remained limited, indicating low volatility with a very narrow price range.
- The high at 1.28893 and the low at 1.28730 show that the market has been relatively stable, with no sharp movements.

2. **Support and resistance:**
- Immediate support:** 1.28730 (day's low)
- Immediate resistance:** 1.28893 (day's high)
- If it breaks below support, we could see a further test of the lower levels, while a breach of resistance could signal a continuation of the uptrend.

### Impact of economic news :

- GBP/USD - Ready to Finish the Channel":** This suggests that the pair may be about to complete a move in a price channel. This could indicate a possible breakout or reversal, but the specific details of the channel are not provided in the current data.

- Markets Choppy As Trade Policy, Jobs Data Weigh":** Uncertainties around trade policy and jobs data appear to be creating volatility in the markets. For the GBP/USD, this could mean increased short-term fluctuations depending on new economic data and policy decisions.

- AUD/USD, GBP/USD: Riding Fiscal Tailwinds as Risk Appetite Roars":** This indicates that favourable fiscal factors and increased risk appetite could support the pair. This could mean bullish potential if these conditions persist.

### Short-term forecasts :

1. **Bullish scenario:**
- If market sentiment remains positive and economic data supports the pound, the pair could retest resistance at 1.28893 and, if broken, head for higher levels.
- The favourable fiscal policies mentioned above could strengthen the pound if they continue to have a positive impact on the British economic outlook.

2. **Bearish scenario:**
- If the uncertainties surrounding trade policy and employment data persist, the pair could retreat, retesting support at 1.28730. A break below this level could pave the way for a sharper decline.
- A deterioration in risk appetite could also weigh on the pound, especially if investors turn to safe-haven assets.

### Conclusion :
The GBP/USD pair appears to be trading in a relatively stable market but is exposed to external influences such as trade policies and economic news. Traders should keep a close eye on economic and political developments to assess possible future directions.