Forex data GBP/USD
Date : 2025-03-31
Opening : 1.29000
Higher up: 1.30000
Below: 1.29000
Closing : 1.29470

Economic news :
ForexIGO by Avenix Fzco Enhances Automated Trading with Dual-Asset Precision
USD Weakens Against JPY and EUR Amid Sluggish Consumer Spending
Markets Digest Sticky PCE Inflation

Detailed analysis:
To carry out a complete analysis of the GBP/USD forex market on 31 March 2025, we will examine the various elements provided and put them into context to understand the current and possible future dynamics.

### Technical Analysis

1. **Opening and closing prices** : The pair opened at 1.29000 and closed at 1.29470. The close above the opening level indicates slight upward pressure during the day.

2. **Highs and Lows**: The high for the day was 1.30000, showing that there was an attempt to push the price higher, but it was not sustained, as the price closed below this level. The low remained at 1.29000, suggesting support at this level.

3. **Current Trend**: Price action shows moderate volatility with an inability to hold higher levels, which could indicate a period of consolidation or resistance at 1.30000.

### Fundamental Analysis

1. **ForexIGO by Avenix Fzco** : Improving automated trading with two-asset accuracy could influence trading volumes and add liquidity to the market, which could reduce volatility in the short term.

2. **USD Weak against JPY and EUR** : The weakness of the US dollar against the yen and the euro suggests downward pressure on the dollar, which could indirectly support sterling against the dollar, if this trend continues.

3. **PCE inflation**: Markets digesting persistent PCE inflation may create expectations of tighter monetary policy from the Fed, which could strengthen the dollar in the medium term, unless US economic data does not support this expectation.

### Short-Term Forecasts

1. **Resistance and Support** : Immediate resistance is at 1.30000, while support is at 1.29000. A break above 1.30000 could pave the way for further bullish moves, while a fall below 1.29000 could signal increased bearish pressure.

2. **Possible scenarios** :
- Bullish scenario**: If UK economic data is favourable and the dollar continues to weaken, the pair could make another attempt to break through resistance at 1.30000.
- Bearish scenario**: If US economic data improves or if the Fed signals tighter monetary policy, this could strengthen the dollar, pushing the pair down towards support at 1.29000.

### Conclusion

The GBP/USD pair is currently showing signs of consolidation, with slight upward pressure. Traders should keep a close eye on upcoming economic data from both sides of the Atlantic, as well as central bank statements, which could influence short-term trends. Key resistance and support levels will provide indications of potential market direction in the coming sessions.