FX.co ★ Indicator Analysis: Daily Review for GBP/USD on March 13, 2025

Trend Analysis (Fig. 1):

On Thursday, the market may start moving downward from the 1.2959 level (yesterday's daily close) toward 1.2924 – the 14.6% retracement level (yellow dashed line). From this level, the price might rebound upwards toward 1.2988 – the upper fractal (blue dashed line).

Fig. 1 (Daily Chart)

Comprehensive Analysis:

• Indicator Analysis: Bearish
• Fibonacci Levels: Bearish
• Volume Analysis: Bearish
• Candlestick Analysis: Bearish
• Trend Analysis: Bullish
• Bollinger Bands: Bullish
• Weekly Chart: Bearish

Overall Conclusion: Bearish trend.

Alternative Scenario:

The price could start moving downward from 1.2959 (yesterday's daily close) toward 1.2886 – the 23.6% retracement level (yellow dashed line). From this level, a potential upward correction to 1.2988 – the upper fractal (blue dashed line) may occur.