Trade Analysis & Reviews: 24.03.2025 - Weekly Technical Analysis...

24.03.2025 02:24 PM

Weekly Technical Analysis for March 24–29: GBP/USD Currency Pair

Trend Analysis

This week, the price from the 1.2915 level (closing of the last weekly candle) may start rising toward the target of 1.3013 – the upper fractal (red dashed line). Upon testing this level, the price may continue moving upward toward the target of 1.3117 – the 76.4% retracement level (blue dashed line).

Fig. 1 (Weekly Chart)

Comprehensive Analysis:

Indicator analysis – upward
Fibonacci levels – upward
Volume – upward
Candlestick analysis – upward
Trend analysis – upward
Bollinger Bands – upward
Monthly chart – upward

Conclusion based on comprehensive analysis: upward movement.

Overall forecast for the GBP/USD weekly candle: the price will most likely follow an upward trend during the week, with no lower shadow on the weekly white candle (Monday – upward movement) and a possible upper shadow (Friday – downward pullback).

Alternative scenario: the price from the 1.2915 level (closing of the last weekly candle) may start rising toward the 1.3013 upper fractal (red dashed line). Upon testing this level, the price may pull back to 1.2922 – the 61.8% retracement level (blue dashed line).

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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

#GBPUSD Technical analysis