Forex data GBP/USD
Date : 2025-03-10
Opening : 1.29139
Higher up: 1.29381
Below: 1.29139
Closing : 1.29340

Economic news :
Markets Brace For U.S. Jobs Data
ForexLive European FX news wrap: Euro stays buoyed, markets wait on US jobs report
GBP/USD - Ready to Finish the Cchannel

Detailed analysis:
For a complete analysis of the GBP/USD forex market on 10 March 2025, let's look at the various aspects mentioned:

### Technical Analysis

**Opening:** 1.29139
**Higher:** 1.29381
**Lower:** 1.29139
**Closing:** 1.29340

The GBP/USD pair opened at 1.29139 and closed at 1.29340, showing a slight appreciation over the day. The fact that the price reached a high of 1.29381 without dropping below the opening level shows some buying pressure throughout the session. The narrow range between the low and high indicates relatively low volatility for the day.

### Current trend

The current trend appears to be slightly bullish, supported by the close above the opening level. However, low volatility and the proximity of the opening and closing levels suggest consolidation or indecision among traders.

### Impact of Economic News

The major economic news is that we are awaiting employment data from the United States. This data could have a significant impact on the US dollar, and consequently on the GBP/USD pair. If the employment figures are better than expected, this could strengthen the dollar, putting downward pressure on the pair. Conversely, weaker figures could weaken the dollar and support sterling.

The European news points to some resilience in the euro, which could also indirectly influence the GBP/USD pair, as strength in the euro could be accompanied by relative weakness in the dollar.

### Short-Term Forecasts

**Possible scenarios:**

1. **Bullish scenario:** If US employment data comes in below expectations, this could weaken the dollar and push GBP/USD above the immediate resistance level around 1.2940-1.2950.

2. **Bearish scenario:** If data is better than expected, the dollar could strengthen, pushing the pair down towards support around 1.2900.

3. **Consolidation Scenario:** If there are no surprises in the economic data, the pair could continue to move in a narrow range, consolidating around current levels.

### Conclusion

The GBP/USD pair is currently in a slightly bullish phase but could be significantly influenced by upcoming economic data. Traders should keep a close eye on economic announcements, particularly US employment figures, to adjust their positions accordingly. Cautious risk management is recommended, given the potential volatility associated with economic releases.