Forex analysis - 2025-03-19 (17:49)

Forex data GBP/USD
Date : 2025-03-19
Opening : 1.30008
Higher up: 1.30051
Below: 1.29965
Closing : 1.29990

Economic news :
Markets Wait For Fed Decision And Guidance
Turkish lira implosion triggers safety flows in markets
GBP/USD Testing 1.3000 Resistance Amid Central Bank Uncertainty

Detailed analysis:
### Complete Forex Market Analysis - GBP/USD

**Date:** 2025-03-19

#### Data of the Day
- Opening:** 1.30008
- Higher:** 1.30051
- Lowest:** 1.29965
- Closing:** 1.29990

### Technical Analysis

#### Current Trend
GBP/USD opened at 1.30008 and closed slightly lower at 1.29990. The movement was relatively narrow, with a high of 1.30051 and a low of 1.29965. This indicates a day of low volatility, probably due to the expectation of decisions from the Federal Reserve (Fed). The 1.3000 level seems to be acting as psychological resistance, which the market has tested but failed to break through in any sustained fashion.

### Impact of Economic News

1. **Expectation of Fed Decision:**
The markets are awaiting the Fed's decision on interest rates. Any indication of monetary tightening or no change in rates could have a significant impact on the US dollar, and consequently on GBP/USD. A more hawkish (aggressive) approach could strengthen the dollar, potentially pushing the pair lower.

2. **Explosion of the Turkish lira:**
The devaluation of the Turkish lira has triggered a flight to safety on the markets, strengthening safe-haven currencies such as the US dollar. This could put further downward pressure on the GBP/USD pair.

3. **Central Bank uncertainty:**
The continuing uncertainty surrounding the monetary policies of the main central banks, including the Bank of England, is creating an atmosphere of expectation. Investors may remain cautious until clearer guidance is given.

### Short-Term Forecasts

1. **Bullish scenario:**
If the Fed adopts a more accommodating stance than expected, or if positive economic data for the UK is published, the pair could break through resistance at 1.3000 and aim for higher levels around 1.3050.

2. **Cashier script:**
In the event of a hawkish stance by the Fed or negative news for the UK, the pair could fall below the immediate support of 1.2990, targeting levels around 1.2950.

3. **Side scenario:**
In the absence of any significant news, the pair could continue to hover around the 1.3000 level, with movements limited by the aforementioned resistance and support.

### Conclusion
The GBP/USD pair is currently being influenced by the expectation of Fed decisions and global economic uncertainty. Traders should keep a close eye on Fed announcements and economic developments in the UK to anticipate future movements. Cautious risk management is recommended in this uncertain environment.