Market Analysis – March 25th
GBPUSD rises as buyers regain stance. The GBPUSD pair started its downward journey when sellers shorted from the 1.25930 market level. Their actions were met with success as they managed to exert their dominance over the market.
The sellers’ stronghold was further solidified when they breached the crucial level of 1.28040, sending the pair into a downward spiral. For a few days, it seemed like the sellers had complete control, leaving the buyers scrambling to react to this sudden turn of events.
GBPUSD Key levels
Resistance Levels: 1.28920, 1.28040
Support Levels: 1.25930, 1.23700
GBPUSD Long-Term Trend: Bearish
However, the buyers were not ready to concede defeat just yet. They mustered their strength and began to fight back, slowly but steadily. Their efforts were evident as they managed to push the pair back up towards the 1.25930 key level. It was a testament to their resilience and determination to regain control.
The buyers’ rise was further supported by the moving average convergence and divergence indicator (MACD), which reflected the increasing bullish strength on the daily chart.
GBPUSD Short-Term Trend: Bullish
While the buyers made significant progress, it is important to note that the sellers still hold major control over the GBPUSD pair. Their dominance cannot be underestimated, and they have the potential to cause a dive below the significant level of 1.25930.
The Parabolic SAR Stop and Reverse indicator serves as a reminder of the sellers’ influence, as it indicates that they still wield more control at this time. Traders must remain cautious and vigilant, as the tide can quickly change in the forex market. By subscribing to reliable forex signal services, traders can gain a competitive edge and increase their chances of success.
You can purchase Lucky Block here. Buy LBLOCK
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
