empty
 
 
20.03.2025 04:37 AM
GBP/USD Forecast for March 20, 2025

Yesterday, the pound sterling closed at the opening level, targeting 1.3001. This allowed the price to start today with a quiet upward movement above this level. The Marlin oscillator successfully completed its task, reaching its support level at 0.0133, and we now expect it to turn upward.

This image is no longer relevant

The next target for the pound is 1.3101, which corresponds to the high on October 15, 2024.

We believe today's Bank of England meeting will support the pound, as the voting forecast for keeping rates unchanged is expected to be 7 to 2.

This image is no longer relevant

On the H4 chart, the Marlin oscillator's signal line has turned upward from the neutral zero line. Although the price briefly dipped below the MACD line, it quickly rebounded and is now above the 1.3001 resistance level. We anticipate further growth for the British pound.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback