Forex data GBP/USD
Date : 2025-03-26
Opening : 1.29450
Higher up: 1.29490
Below: 1.29398
Closing : 1.29430

Economic news :
Goldman Sachs; Revising GBP forecasts higher; new targets for GBP/USD and EUR/GBP
GBP/USD Price Analysis: Traders Hold Back Ahead of UK Budget
GBP/USD Bulls Need Fresh Catalysts to Sustain Rally Beyond 1.30

Detailed analysis:
To carry out a complete analysis of the Forex market for the GBP/USD pair on 26 March 2025, let's look in detail at the various aspects provided :

### Technical Analysis

1. **Market data:**
- Open:** 1.29450
- Higher:** 1.29490
- Lowest:** 1.29398
- Closing:** 1.29430

The GBP/USD pair showed little volatility in the 26 March session, with a very narrow price range. This indicates some hesitation among traders, who are probably waiting for new information or events that could influence the market.

2. **Current trend:**
- The pair is in a consolidation phase, as the sideways price movement shows. There is immediate resistance around 1.29500, and support at 1.29398, the day's low. Traders seem cautious, which is typical before major economic announcements.

### Impact of Economic News

1. **Forecast revision by Goldman Sachs:**
- The upward revision of sterling forecasts by Goldman Sachs could support the GBP/USD pair in the medium term, by boosting investor confidence in the British currency. This could potentially lead to an appreciation of the pound if other investors follow this positive sentiment.

2. **UK Budget Expectation:**
- Traders seem reluctant to take significant positions ahead of the UK budget. The details of the budget could have major implications for the UK economy, affecting the GBP/USD. An expansionary fiscal policy could stimulate economic growth, while a more austere approach could have the opposite effect.

3. **Catalysts needed for bulls:**
- For GBP/USD to break above the psychological 1.30 barrier, additional catalysts are needed. These could include positive economic data, favourable political announcements or changes in global market sentiment.

### Short-Term Forecasts

1. **Bullish scenario:**
- If the UK budget is perceived positively and economic data supports growth, the pair could test and potentially exceed resistance at 1.29500, opening the way to 1.30.

2. **Bearish scenario:**
- In the event of disappointment over the budget announcements or negative economic data, the pair could break support at 1.29400, with potential downside towards 1.29000.

3. **Neutral scenario:**
- If the announcements are mixed or in line with expectations, the pair could continue to trade in a narrow range, reflecting persistent uncertainty among investors.

### Conclusion

In summary, GBP/USD is currently in a holding pattern, with traders reluctant to take large positions ahead of key events. Goldman Sachs' forecasts offer potential support for the pound, but clear catalysts are needed to propel the pair beyond current levels. Investors should keep a close eye on imminent economic announcements, particularly the UK budget, for indications of future market direction.