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:
To analyse the Forex market for the GBP/USD pair on 10 March 2025, let's look at the key elements provided and analyse the factors that could influence this currency pair:

### Current trend
The GBP/USD pair has risen slightly on the day, opening at 1.29139 and closing at 1.29340. The day's trend has been bullish, although the price range has been relatively narrow. This could indicate some stability or a lack of significant volatility during this particular session.

### Impact of economic news
1. **Markets Brace For U.S. Jobs Data** : Markets seem to be awaiting US jobs data. Employment reports such as NFP (Non-Farm Payrolls) usually have a significant impact on the US Dollar. Strong job creation could strengthen the dollar, which could put downward pressure on GBP/USD, while weaker data could have the opposite effect.

2. **ForexLive European FX news wrap: Euro stays buoyed, markets wait on US jobs report**: This information shows that European markets are also waiting for US data, indicating a day dominated by a wait-and-see attitude. This could explain the narrow range trading seen for GBP/USD.

3. **GBP/USD - Ready to Finish the Channel**: This suggests that the pair could be at the end of a channel move, which could mean consolidation before a potential breakout. This could indicate that traders need to be ready for a potential move once important economic data is released.

### Short-term forecasts
1. **Bullish scenario**: If US employment data comes in below expectations, this could weaken the US dollar, causing GBP/USD to rise. In this case, traders could target higher resistance levels, perhaps beyond the day's high at 1.29381.

2. **Bearish scenario**: If employment data exceeds expectations, the dollar could strengthen, which could push GBP/USD lower. Support levels to watch would then be around the day's open at 1.29139 or lower.

3. **Neutral scenario**: In the absence of major surprises in economic data, the market could continue to move in a narrow range, with limited movements, until major new economic information or announcements become available.

### Conclusion
Traders should keep a close eye on economic releases, particularly US employment data, as these could trigger significant movements in the GBP/USD pair. The strategy could be to wait for the data to be released to confirm the direction of the market before taking any significant positions.