FX.co ★ Indicator Analysis: Daily Review for GBP/USD on March 10, 2025

Trend Analysis (Fig. 1):

On Monday, the market, starting from 1.2921 (Friday's daily close), may begin moving downward toward 1.2887, which corresponds to the 14.6% retracement level (yellow dashed line). From this level, the price may then continue moving upward toward 1.2944, which aligns with the upper fractal (yellow dashed line).

Comprehensive Analysis:

• Indicator Analysis – Down
• Fibonacci Levels – Down
• Volume Analysis – Down
• Candlestick Patterns – Down
• Trend Analysis – Up
• Bollinger Bands – Down
• Weekly Chart – Down

Overall Conclusion: The general trend remains bearish.

Alternative Scenario:

If the price moves downward from 1.2921 (Friday's daily close), it may reach 1.2852 (the 23.6% retracement level, yellow dashed line). From this level, the price may then start an upward movement toward 1.2935, which serves as a historical support level (light blue dashed line).