Forex analysis - 2025-02-26 (21:50)

Forex data GBP/USD
Date : 2025-02-26
Opening : 1.26612
Higher up: 1.27157
Below: 1.26350
Closing : 1.26780

Economic news :
GBP/USD Rebounds from Support - Bullish Setup Toward 1.2725
US Futures Jump Ahead Of Nvidia Earnings, Europe Hits Another Record
Gold Price Retreats Amid Market Consolidation and Fed Speculation

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

**1. Current Trend:**

The GBP/USD pair showed a slight uptrend during the session of 26 February 2025. After opening at 1.26612, the price reached a high of 1.27157 before closing at 1.26780. This momentum indicates a potential rebound from a support level close to the day's low at 1.26350. Closing above the opening level suggests buying pressure that could continue in the short term.

**2. impact of economic news:**

- GBP/USD rebound:** Analysis suggests that the pair has rebounded from technical support, which could attract more buyers. The mention of a bullish target around 1.2725 indicates optimism among traders, supported by technical factors.

- The jump in US futures ahead of the Nvidia results shows an appetite for risk, which could weaken the US dollar in favour of sterling. In addition, the record performance of European markets could strengthen the pound by increasing confidence in European assets, including the pound.

- Gold prices and Fed speculation:** The consolidation in gold prices and speculation surrounding the Fed's decisions could indirectly influence the currency markets. If investors anticipate that the Fed will maintain stable or accommodative rates, this could reduce the appeal of the US dollar, thereby boosting the GBP/USD pair.

**3. Short-term forecasts:**

- Bullish scenario:** If the GBP/USD manages to maintain its bullish momentum, it could test resistance at 1.2725. A clear breach of this level could open the way to higher targets, potentially towards 1.2750, depending on the economic data to come and the reaction of the global financial markets.

- Bearish scenario:** Conversely, if the resistance level at 1.2725 remains intact and overall risky market conditions diminish, the pair could fall back towards its recent support at 1.26350. A break below this level could intensify selling pressure, taking the pair back towards 1.2600.

- Factors to Watch:** Investors should keep an eye on developments around US economic announcements, particularly employment and inflation data, as well as Fed discussions, which could influence the direction of the US dollar and, consequently, the GBP/USD pair.

In summary, GBP/USD is showing signs of recovery with potential upside momentum, but traders need to remain vigilant to economic influences and key technical levels to navigate the coming sessions.