• The GBP/USD price analysis shows solid bullish momentum.

• The dollar has remained fragile amid worries about a likely US recession.

• Traders expect at least three Fed rate cuts this year.

The GBP/USD price analysis shows solid bullish momentum as the pound holds near recent peaks due to dollar weakness. The sterling has maintained a bullish rally since the start of March as the dollar collapsed due to US economic worries. At the same time, market participants expect the Bank of England to keep rates unchanged next week. 

–Are you interested to learn more about forex options trading? Check our detailed guide-

The dollar has remained fragile amid worries about a likely US recession due to Trump’s tariffs. The US president caused market turmoil last week by implementing new tariffs and suspending some. Traders are worried that his aggressive approach will spark trade wars that will cause an economic slowdown in the US. Decreased trade between the US and its partners means local companies suffer. If this happens, other parts of the economy will decline like the labor sector and consumer spending. 

At the same time, recent US data has revealed slower demand, raising expectations for Fed rate cuts this year. On Friday, data showed slower job growth and higher unemployment in February. As a result, traders expect at least three Fed rate cuts this year. The upcoming inflation report will keep shaping this outlook. 

On the other hand, market participants expect the Bank of England to keep rates unchanged next week amid the recent economic recovery.

GBP/USD key events today

GBP/USD technical price analysis: Bullish momentum pauses after a steep climb

On the technical side, the GBP/USD price has met a solid hurdle at the 1.2951 level. However, the price still trades above the 30-SMA, with the RSI above 50, indicating a bullish bias. The price rose steeply after breaking above the pivotal 1.2701 resistance level.

–Are you interested to learn more about Thailand forex brokers? Check our detailed guide-

However, the rally has slowed down, and bullish momentum is fading. Price action is confined to a tight range. At the same time, the RSI has made a bearish divergence, suggesting a likely reversal. If bears are ready to take control, the price will break below the 30-SMA and fall to retest the 1.2701 support. 

On the other hand, if bullish momentum remains strong, the price will soon break above the 1.2951 resistance. Such a move would clear the path to the 1.3100 key psychological level and a new high in the bullish trend.

Looking to trade forex now? Invest at eToro!

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Important DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party’s services, and does not assume responsibility for your use of any such third party’s website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.Risk DisclaimersThis website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.

• EUR/USD trades at fresh multi-month highs near 1.0900 early Tuesday.
• The pair could have a difficult time gathering bullish momentum in the near term.
• The US economic calendar will feature mid-tier data releases. 

EUR/USD gains traction and trades at its highest level since early November near 1.0900 in the European morning on Tuesday. The pair’s overbought conditions and the risk-averse market atmosphere could cause buyers to refrain from betting on another steady leg higher in the near term. 

Major equity indexes in the US started the week under immense bearish pressure amid growing fears over the US economy tipping into recession. 

When asked whether his policies could weigh on the economic activity in an interview over the weekend, US President Donald Trump acknowledged that there will be a “period of transition.” On Monday, the Nasdaq Composite fell 3.8%, the S&P 500 lost 2.7% and the Dow Jones Industrial Average declined more than 2%. Reflecting the intense flight to safety, the CBOE Volatility Index (VIX), also known as Wall Street’s fear gauge, rose about 20% on the day.

The US economic calendar will feature NFIB Business Optimism Index for February and JOLTS Job Openings data for January. A significant decline in the business sentiment data could weigh on the US Dollar (USD) with the immediate reaction. On Wednesday, the US Bureau of Labor Statistics will publish the Consumer Price Index (CPI) data for February, which could trigger the next big action in EUR/USD.

EUR/USD Technical Analysis

The Relative Strength Index (RSI) indicator on the 4-hour chart rose above 70, suggesting that EUR/USD turned technically overbought, once again, after a short-lasting correction. In case the pair holds above 1.0900 (static level, round level) and confirms this level as support, 1.0940 (static level) could be seen as next resistance before 1.1000 (psychological level, static level).

On the downside, 1.0840 (20-period Simple Moving Average (SMA)) aligns as interim support before 1.0800 (static level, round level) and 1.0730 (200-day SMA).

Despite facing strong negative pressures yesterday, the GBPJPY pair stability above the additional support line at 188.50 forms major factor to reinforce the domination of the previously suggested bullish bias, to notice rallying towards 189.70 now.

We assure the importance of providing positive close above 189.70 level to open the way to form strong bullish waves and target 190.65 followed by reaching 192.00 levels, while declining below 188.50 and providing negative close below it will push the price to back to the negative track to suffer big losses that might start at 187.10.

The expected trading range for today is between 188.50 and 190.65

Trend forecast: Bullish

Despite facing strong negative pressures yesterday, the GBPJPY pair stability above the additional support line at 188.50 forms major factor to reinforce the domination of the previously suggested bullish bias, to notice rallying towards 189.70 now.

We assure the importance of providing positive close above 189.70 level to open the way to form strong bullish waves and target 190.65 followed by reaching 192.00 levels, while declining below 188.50 and providing negative close below it will push the price to back to the negative track to suffer big losses that might start at 187.10.

The expected trading range for today is between 188.50 and 190.65

Trend forecast: Bullish

The GBPUSD price finds difficulty to surpass 1.2925$ level, to show negative trades and move below 1.2900$ barrier, while the EMA50 provides continuous positive support to the price, noticing that the RSI attempts to get rid of its negative momentum on the intraday time frames.

To review the full report, and to get our more detailed analysis and 100% accurate signals provided by Best Trading Signal, subscribe to Economies.com VIP Club through the link below!

The GBPUSD price finds difficulty to surpass 1.2925$ level, to show negative trades and move below 1.2900$ barrier, while the EMA50 provides continuous positive support to the price, noticing that the RSI attempts to get rid of its negative momentum on the intraday time frames.

To review the full report, and to get our more detailed analysis and 100% accurate signals provided by Best Trading Signal, subscribe to Economies.com VIP Club through the link below!

Created on March 11, 2025

• The British pound has fluctuated back and forth during Monday’s trading session against the US dollar, showing some hesitation.
• The market is currently hovering around the 1.29 level and the 61.8% Fibonacci retracement level, which suggests that additional sellers could emerge in this area.
• This is an area that I think could open up the possibility of a major move, and not necessarily to the upside, despite the odds suggesting it at the moment.

A Massive Barrier

The zone between 1.29 and 1.30 could act as a major barrier. If the pair breaks above the 1.30 level, the British pound may have room to move higher. However, given the extended nature of the market, it is more likely that we either see sideways movement or a pullback. If the price drops below the recent lows of the last few days, a decline toward the 1.2750 level becomes a possibility.

That being said, it is also important to recognize that this could simply be a reversion to the mean. Observing the chart, the sharp and aggressive move higher is evident. Some traders may also view this as an inverted head and shoulders pattern that recently broke, with the measured move from the head to the neckline suggesting a potential rally toward the 1.3350 level, which aligns with the previous swing high.

That level was last seen around mid-2024, and whether or not the market reaches that point remains uncertain. In the short term, a pullback seems more likely than not. Whether this ultimately shifts the overall trend of the pair is another question entirely. Because of this, I am a bit hesitant to get long of this market in general, and this is a situation where traders will continue to see the US dollar be the main driver of where we are going to say the least.

Ready to trade our GBP/USD daily forecast? We’ve shortlisted the best regulated forex brokers UK in the industry for you.

Created on March 10, 2025

Key Analysis Points:

• EUR/USD in Early Bullish Reversal, Eyes on 1.10 Peak
• Trump’s Tariffs Impacting Markets
• Central Bank Policies Closely Monitored

A remarkable bullish trading week saw bulls control the EUR/USD currency pair, with rebound gains reaching the resistance level of 1.0888, the pair’s highest in four months, and closing the week’s trading stable around 1.0832. This followed the Forex market’s most popular pair reacting to US job numbers and optimistic comments from US Federal Reserve Chairman Jerome Powell regarding US economic performance, despite trade wars led by the Trump administration.

US stocks witness fluctuations due to Trump

At the end of last week’s trading and across the platforms of stock trading companies, US stock market indices rose on Wall Street. The performance of US stocks was clearly volatile amid concerns about the future of the US economy and uncertainty about what US President Donald Trump might do with tariffs and his threat to other global economies.

According to trading, the Standard & Poor’s 500 index rose by 0.6% after recovering from a previous loss of 1.3%. It was coming from a difficult period where it swung by more than 1%, up or down, for six consecutive days. The Dow Jones Industrial Average rose by 222 points, or 0.5%, and the Nasdaq Composite Index rose by 0.7%. Overall, last week’s trading was the worst for the Standard & Poor’s 500 since September 2024, and the index was slightly below its all-time high, which it recorded last month by about 6%.

Jerome Powell Reassures Markets on US Economy

For his part, before the close of trading last week, which may also be reflected in the start of trading this new week. The US Federal Reserve Chairman helped ease market concerns after he said he believes the US economy appears stable for now and does not feel pressure to cut interest rates to support it. Investors have generally been betting in recent weeks that the Fed will be forced to cut US interest rates more than three times this year after a series of weaker-than-expected economic reports. But the US central banker responded to speculation that he and other Fed officials might feel pressure to act soon.

Powell stated about maintaining US interest rates: “The costs of being careful are very low right now.” “The economy is fine. It doesn’t need us to do anything really. We can wait, and we should wait.”

Recently, disappointing polls have shown confidence in US businesses and households has been falling due to uncertainty over Trump’s tariffs, and economists have been waiting to see if the latest US report will show whether that translates into real pain for the economy and the labour market.

Trading Tips:

Be careful. The recent gains of the euro dollar need strength factors to continue and exceed the 1.10 peak to confirm the upward shift, otherwise it will be exposed to profit-taking sales.

US Tariffs Confuse Forecasts

Recently, the US government’s sudden actions on tariffs – first imposing them on trade partners, then exempting some, and then doing it again – have created uncertainty for businesses. This has raised concerns that companies may freeze in response to what has been described as “chaos” and pull back on hiring. Meanwhile, US households are bracing for rising inflation due to tariffs, weakening their confidence and potentially hindering their spending. This would further drain energy from the economy.

As for the US trade wars. Trump stated last Friday that he wants tariffs to bring jobs back to the United States, and he gave no indication that more certainty is imminent for financial markets. He stated in comments from the Oval Office: “There will always be changes and adjustments.” Trump added about the impact on the economy: “There could be some turmoil,” before saying: “I solved a little bit of that” by giving a one-month reprieve for tariffs on Mexican and Canadian imports to automakers.

EUR/USD Technical Analysis Today:

According to the trading on the daily chart above, the price of the euro against the US dollar EUR/USD is moving within an ascending channel that was recently formed and lacks a move towards the psychological resistance level of 1.1000 to confirm the strength of the shift to the general upward trend. Also, this peak may push the technical indicators to strong overbought levels led by the relative strength index and the MACD indicator. In contrast, and on the same time frame, the support of 1.0650 will remain a threat to the current upward shift of the euro against the US dollar.

The EUR/USD pair may remain stable in its current path until the markets react to the announcement of US inflation figures this week through the Consumer Price Index and the Producer Price Index, in addition to being affected by Trump’s surprise trade decisions, especially regarding the imposition of US tariffs on European imports, which will be negative for the euro.

Ready to trade our daily Forex analysis? We’ve made a list of the best forex demo accounts worth trading with.

Created on March 10, 2025

• During the trading session on Friday, we have seen the British pound dropped to the ¥190 level, only to turn around and show signs of life again.
• By doing so, the market looks as if it is trying to do everything it can to create some type of momentum from a major figure.
• After all, we have seen this market move back and forth quite wildly, as the Japanese yen has been strengthening against a multitude of currencies, but most notably the US dollar.

The question at this point in time is going to be whether or not the risk appetite remains strong enough to send this market higher, or if we are going to continue to see a lot of choppy back and forth behavior. After all, it would make a certain amount of sense considering that the Japanese yen has been strong and the British pound has been as well. In other words, you have to very strong currencies at the moment.

” dir=”auto” id=”content-1686574122635″>

Interest Rate Differential

That being said, there is a significant interest rate differential between the two currencies, and this should be forgotten. Because of this, I think this pair will have a natural proclivity to attempt a rally, but right now we just don’t have enough momentum to make that happen. The 50 Day EMA is sitting just below the ¥192 level, an area that of course is a very important level that we have seen tested multiple times and of course is also backed up by the 200 Day EMA, which I think is something worth noting.

On the other hand, if we get a daily close significantly below the ¥190 level, then the interest rate differential will obviously be ignored by a lot of traders as the Japanese yen could strengthen, sending this pair down to the crucial ¥188 support level.

Begin trading our daily forecasts and analysis. Here is a list of Forex brokers in Japan to work with.