Forex analysis - 2025-03-28 (21:54)

Forex data GBP/USD
Date : 2025-03-28
Opening : 1.29506
Higher up: 1.29681
Below: 1.29220
Closing : 1.29443

Economic news :
Markets Digest Sticky PCE Inflation
ForexLive European FX news wrap: Dollar steady, gold holds firmer amid risk averse mood
GBP/USD Stands Strong as UK Policy Shields Pound From Global Trade Tensions

Detailed analysis:
**Comprehensive analysis of the GBP/USD Forex market**.

**Date:** 2025-03-28

**Market data:**
- Opening:** 1.29506
- Higher:** 1.29681
- Lowest:** 1.29220
- Closing:** 1.29443

**Technical analysis:**

1. **Current trend:**
- The GBP/USD pair fell slightly on the day, closing slightly below its opening level. This minor variation indicates some hesitation in the market, with a slight bearish bias.
- Short-term support and resistance levels lie around 1.29220 (support) and 1.29681 (resistance) respectively. A break below support could intensify the downward pressure, while a break above resistance could signal a bullish recovery.

2. **Technical indicators:**
- The short-term moving averages (for example, the 20-day moving average) could show a slight downward bias, confirming the very short-term downtrend.
- Momentum indicators, such as the RSI, could be in a neutral zone, suggesting an indecisive market.

**Impact of Economic News:**

1. **Markets Digest Sticky PCE Inflation:**
- Persistent PCE inflation in the United States could keep up upward pressure on the dollar, as this could prompt the Federal Reserve to maintain or raise interest rates.
- Persistent inflation could also reinforce expectations of restrictive monetary policies, thereby supporting the dollar against sterling.

2. **ForexLive European FX News Wrap :**
- The cautious climate on the markets, with increased demand for safe-haven assets such as gold, may indicate a reduced appetite for risk, which could indirectly support the dollar against the pound.

3. **GBP/USD Stands Strong as UK Policy Shields Pound From Global Trade Tensions :**
- British policy could offer a degree of stability to sterling, limiting losses against the dollar despite global trade tensions.
- The Bank of England's monetary policy decisions, aimed at supporting the British economy, could also play a protective role.

**Short-term forecast:**

1. **Bullish scenario:**
- If the GBP/USD pair manages to break through resistance at 1.29681, this could signal a bullish recovery. Traders could then target higher levels, such as 1.3000, if the move continues.

2. **Cashier script:**
- If support at 1.29220 is broken, selling pressure could intensify, pushing the pair towards lower levels, potentially towards 1.2900 or below.

3. **Factors to watch:**
- Major economic announcements, particularly those relating to inflation and monetary policy on both sides of the Atlantic, will remain crucial in determining the pair's future direction.
- Geopolitical and trade tensions and their impact on investor confidence could also influence market movements.

In conclusion, although the GBP/USD pair has shown a slight downtrend today, economic and political developments over the next few days will be crucial for its future direction. Traders should keep a close eye on inflation and monetary policy news.