GBPUSD - 24 Mar, early week breaktrend, recovery

24 Mar

GBPUSD trend forecast March 24, 2025

💬The GBP/USD pair remains resilient just below the 1.2900 level, attracting dip-buyers during the Asian session on Monday. Currently, spot prices hover around the 1.2930 region, gaining nearly 0.10% for the day, and appear to have halted a two-day losing streak that led to a one-and-a-half-week low on Friday.

The US Dollar (USD) begins the week on a softer note, pausing its three-day recovery from a multi-month low. This weakness provides support to the GBP/USD pair. Despite the Federal Reserve (Fed) raising its inflation forecast, investors remain convinced that a US economic slowdown—exacerbated by new tariffs—could prompt the central bank to restart its rate-cutting cycle. Additionally, a positive sentiment in US equity futures is weighing on the safe-haven appeal of the Greenback.

💬 Short term, GBPUSD price has a gap at the beginning of the week and breaks the trend, the price will return to retest the entry break and recover.

🥇/// BUY GBPUSD : zone 1.29150 - 1.29000

SL: 1.28800

TP: 40 - 60 - 100pips ( 1.30000 )

Safe and profitable trading

24 Mar

İşlem aktif

+ 45 pips , amazing signal BUY GBPUSD ( 1.29150 - 1.29000 ) , nice

24 Mar

İşlem kapandı: hedefe ulaştı

+ 60 pips , great BUY GBPUSD ( 1.29150 - 1.29000 )