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GBP/USD Technical Analysis - GBP/USD Trading: 2025-03-12
GBP/USD Technical Analysis Summary
Below 1.29182
Sell Stop
Above 1.29585
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(100) | Buy |
| Fractals | Neutral |
| Parabolic SAR | Sell |
GBP/USD Chart Analysis
GBP/USD Technical Analysis
The GBPUSD technical analysis of the price chart on 1-hour timeframe shows GBPUSD, H4 is retracing down toward the 200-period moving average MA(200) after rebounding to four-month high yesterday. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 1.29182. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.29585. After placing the order, the stop loss is to be moved to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Forex - GBP/USD
UK’s British Retail Consortium (BRC) reported its Retail Sales Monitor continued slowing in February. Will the GBPUSD price retreat persist?
UK’s British Retail Consortium (BRC) reported the decline of the value of same-store sales at BRC-member retail stores accelerated in February: the BRC Retail Sales Monitor declined to 0.9% over year from 2.5% rise in January, when a 1.9% increase was forecast. Non-food sales saw no growth from a year ago, while food sales rose 2.3%, down from the 5.6% increase in February 2024. Total retail sales growth also slowed to 1.1% over year, a sharp slowdown from 2.6% in January. Continuing slowing of BRC Retail Sales Monitor indicates weakening demand for consumer goods at BRC shops which is bearish for Pound and GBPUSD pair price.
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