Platinum price forced to provide slow trading in the last period due to the continuation of the main indicators’ contradiction, especially with the stability of moving average 55 below the current trading, to form an intraday support at $1910.00 level.

In general, we will keep preferring the bearish corrective scenario, depending on the stability at $2245.00 and the continuation of the bearish momentum by stochastic, we will keep waiting for extra support at $1950.00 and breaking it might extend the losses directly towards $1880.00 reaching the next support at $1785.00.

The expected trading range for today is between $1950.00 and $2100.00

Trend forecast: Bearish

BitcoinWorld

EUR/GBP Price Forecast: Critical 0.8700 Break Tests Bullish Resolve Amid Shifting Tides

LONDON, March 2025 – The EUR/GBP cross has decisively broken below the psychologically significant 0.8700 handle, a move that technical analysts flag as a potential watershed moment for the currency pair’s near-term trajectory. This decline signals a notable loss of steam for the bulls who had previously supported the rate. Consequently, market participants are now scrutinizing charts and fundamental drivers to gauge whether this represents a healthy correction or the beginning of a more profound bearish phase. The interplay between European Central Bank and Bank of England policy paths remains the dominant narrative shaping this critical forex pair.

EUR/GBP Price Forecast: Decoding the Technical Breakdown

Technical analysis provides the initial framework for understanding the move below 0.8700. The level had acted as a confluence zone, combining the 100-day simple moving average and a horizontal support area established throughout Q4 2024. A sustained close below this zone, confirmed over several daily sessions, invalidates the prior consolidation structure. Furthermore, momentum indicators like the Relative Strength Index (RSI) have retreated from overbought territory above 70, recorded in late February, and are now trending toward neutral. This shift suggests buying pressure has materially dissipated. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram shows fading bullish momentum, with its signal line threatening a bearish crossover. Volume profile analysis also indicates the break occurred on above-average trading volume, lending credence to its significance. Traders often view such a high-volume break of a key level as a valid signal, not merely market noise.

Key Technical Levels to Watch

The immediate focus now shifts to subsequent support zones. The next significant technical floor resides near the 0.8620-0.8640 region, which aligns with the 200-day moving average and a 50% Fibonacci retracement of the November 2024 to February 2025 rally. A failure to hold this area could open the path toward 0.8550. Conversely, any recovery attempt will face initial resistance at the former support-turned-resistance of 0.8700, followed by a stronger barrier near 0.8750. Market sentiment, as gauged by the latest Commitment of Traders (COT) reports from derivatives exchanges, shows a reduction in net-long Euro positions by non-commercial traders. This data aligns with the price action, indicating institutional money is partially unwinding bullish bets.

Fundamental Drivers Behind the Euro Pound Exchange Rate Shift

Beyond the charts, the EUR/GBP price movement reflects a recalibration of fundamental expectations. The primary driver remains the divergent monetary policy outlook between the European Central Bank (ECB) and the Bank of England (BoE). In recent weeks, economic data from the Eurozone has painted a mixed picture. While inflation has edged closer to the 2% target, core metrics remain sticky, and forward-looking surveys like the Purchasing Managers’ Index (PMI) for services have shown unexpected weakness. This has led money markets to slightly dial back expectations for the pace of ECB rate cuts in 2025. Conversely, UK data has surprised to the upside. January 2025 retail sales and wage growth figures exceeded forecasts, complicating the BoE’s path toward easing. This relative data strength has provided underlying support for Sterling, applying downward pressure on the EUR/GBP pair. Geopolitical factors also contribute to the environment. Ongoing tensions affecting European energy security and trade flows introduce a risk premium for the Euro, while the UK’s post-Brexit trade adjustments continue to evolve, creating episodic volatility.

The following table summarizes the recent key data points influencing both currencies:

Expert Analysis and Market Impact Assessment

Leading forex strategists from major investment banks are interpreting the break with cautious nuance. “The move below 0.8700 is technically significant,” notes a senior FX analyst at a global bank, citing internal research. “However, it’s crucial to distinguish between a technical correction within a broader range and a genuine trend reversal. The fundamental divergence story is not as clear-cut as it was in 2023.” Many experts emphasize that central bank communication in the coming weeks will be pivotal. Speeches by ECB President Lagarde and BoE Governor Bailey will be parsed for hints on the timing and sequencing of policy adjustments. The impact of this exchange rate shift is tangible. For European exporters to the UK, a weaker EUR/GBP improves competitiveness, potentially boosting certain industrial and agricultural sectors. Conversely, UK consumers and importers face slightly higher costs for Eurozone goods and services. For multinational corporations with cash flows in both currencies, this volatility necessitates active hedging strategies to protect profit margins. Asset managers are also adjusting portfolio allocations, potentially reducing Euro-denominated fixed income exposure relative to Sterling assets if the trend persists.

The Role of Risk Sentiment and Correlations

It is also critical to analyze the EUR/GBP within broader market conditions. Historically, the pair has exhibited a correlation with global risk sentiment, though less pronounced than pairs like AUD/USD. During periods of market stress or “risk-off” environments, the Euro has sometimes acted as a funding currency, while Sterling’s reaction is more tied to domestic factors. The current environment shows a mild risk-off tone in equity markets, which may be providing an additional, subtle headwind for the Euro against most majors, not just the Pound. Monitoring the correlation with bond yield spreads between German Bunds and UK Gilts remains a key analytical tool for fundamental traders.

Conclusion

The EUR/GBP price forecast has entered a critical phase following the confirmed break below the 0.8700 support level. This development marks a clear loss of momentum for the bullish camp and shifts the near-term technical bias to neutral-to-bearish. The move is underpinned by a subtle but important recalibration of growth and monetary policy expectations between the Eurozone and the United Kingdom. While technical indicators point to further downside risk toward the 0.8620 area, the fundamental outlook remains fluid and highly sensitive to upcoming economic data and central bank guidance. Traders and investors should therefore monitor both chart-based signals and the evolving macroeconomic narrative. The path for the EUR/GBP exchange rate will ultimately be determined by which central bank blinks first on policy easing and which economy demonstrates greater resilience in the face of global headwinds.

FAQs

Q1: What does the EUR/GBP exchange rate represent?
The EUR/GBP exchange rate shows how many British Pounds (GBP) are needed to purchase one Euro (EUR). A rate of 0.8700 means 1 Euro equals 0.87 British Pounds.

Q2: Why is the 0.8700 level considered so important?
The 0.8700 level was a key technical confluence zone, combining a major moving average and prior price support. A break below it signals a shift in market structure and sentiment from bullish to neutral or bearish.

Q3: What fundamental factors most affect EUR/GBP?
The primary drivers are the relative monetary policy of the European Central Bank and the Bank of England, comparative economic growth data (like GDP and PMIs), inflation trends, and geopolitical risks specific to Europe.

Q4: Who is impacted by changes in the EUR/GBP rate?
Exporters and importers between the Eurozone and UK, multinational corporations, forex traders, tourists, and investors with assets in either currency are all directly affected by its fluctuations.

Q5: Where can I find reliable charts and data for EUR/GBP analysis?
Major financial data platforms like Bloomberg, Reuters, TradingView, and the official statistical websites of the ECB (European Central Bank) and ONS (UK Office for National Statistics) provide authoritative charts and economic data.

This post EUR/GBP Price Forecast: Critical 0.8700 Break Tests Bullish Resolve Amid Shifting Tides first appeared on BitcoinWorld.

– Written by


Tim Boyer

STORY LINK GBP/USD Forecast: Pound Sterling Flat as Traders Await Key UK Labour Data

The Pound US Dollar (GBP/USD) exchange rate moved within a tight range on Monday, as a thin economic calendar in both the UK and the US left investors without a clear catalyst.

At the time of writing, GBP/USD was trading at $1.3645, little changed from its opening level.

The Pound (GBP) traded sideways at the start of the week, with no fresh domestic data to provide Sterling with clear momentum.

In the absence of immediate catalysts, many GBP investors appeared reluctant to take decisive positions, particularly with a raft of influential UK figures scheduled for release in the coming days. The latest labour market report, consumer price index, retail sales data and preliminary PMIs are all due, each with the potential to shift the outlook.

These indicators are likely to shape expectations around the Bank of England’s (BoE) next policy moves. Any signs of cooling inflation or softer economic activity could reinforce speculation that interest rate cuts are drawing closer.

As a result, the Pound remained confined to a narrow range, with traders seemingly content to wait for clearer signals before committing to a stronger directional move.

The US Dollar (USD) struggled for direction at the start of the week, with a sparse US economic calendar leaving the currency without a clear driver.

At the same time, an indecisive market mood offered little impetus for the safe-haven ‘Greenback’. With investors lacking a strong risk-on or risk-off bias, USD exchange rates drifted, particularly against the more risk-sensitive Pound, resulting in relatively contained movement.

Short-Term GBP/USD Forecast: Pound in Focus amid UK Labour Data

The Pound faces a pivotal test on Tuesday with the publication of the UK’s latest labour market figures – the first in a series of high-impact domestic releases this week.

Forecasts suggest the unemployment rate held at its highest level since March 2021 in December, while wage growth is expected to have moderated. Any confirmation that the jobs market is losing momentum could weigh on Sterling, particularly if it strengthens the view that the Bank of England is edging closer to lowering interest rates.

Across the Atlantic, the US Dollar may take its cue from the latest ADP employment change reading. Robust hiring could lend the ‘Greenback’ support by reinforcing confidence in the resilience of the US economy. Conversely, a softer-than-expected print may sap demand for USD.

Broader market sentiment will also remain a key variable. A steady or indecisive mood could keep GBP/USD confined to familiar levels, while a decisive shift in risk appetite may hand the advantage to either the risk-sensitive Pound or the safe-haven Dollar.

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The GBPJPY pair affected by the contradiction of the main indicators, since Friday’s trading to delay the negative attack and providing mixed trading, to approach from 209.15 barrier.

This scenario depends on the strength of this barrier, the stability below it will increase the chances of forming new bearish waves, attempting to reach 207.60 and 207.05, while surpassing the barrier will allow it to recover some losses by its rally towards 209.80 directly, to attempt to test the resistance near 210.60.

The expected trading range for today is between 208.00 and 209.20

Trend forecast: Fluctuated within the bearish track.

The GBPJPY pair affected by the contradiction of the main indicators, since Friday’s trading to delay the negative attack and providing mixed trading, to approach from 209.15 barrier.

This scenario depends on the strength of this barrier, the stability below it will increase the chances of forming new bearish waves, attempting to reach 207.60 and 207.05, while surpassing the barrier will allow it to recover some losses by its rally towards 209.80 directly, to attempt to test the resistance near 210.60.

The expected trading range for today is between 208.00 and 209.20

Trend forecast: Fluctuated within the bearish track.

FOMC Members in Focus Ahead of Key US Economic Data

While Japanese GDP data weighed on demand for the yen, US economic indicators and Fed commentary on monetary policy will influence expectations of a June Fed rate cut. Later on Monday, FOMC voting member Michelle Bowman is scheduled to speak following last week’s US jobs and CPI reports. Support for a June rate cut on cooling inflation would weaken demand for the US dollar, sending USD/JPY lower.

Last week’s inflation data overshadowed a hotter-than-expected US jobs report, raising bets on a June Fed rate cut. According to the CME FedWatch Tool, the probability of a June cut rose from 64.6% on February 12 to 68.6% on February 13, after the data release. However, Friday’s US Personal Income and Outlays Report, Services PMI numbers, and GDP data are likely to be key for US dollar demand.

Market expectations of a more dovish Fed policy stance and a hawkish BoJ rate path would reaffirm the negative short- to medium-term outlook.

Technical Outlook: Key Levels to Watch

For USD/JPY price trends, traders should closely track technical indicators, key economic indicators, government policy announcements, and central bank chatter.

On the daily chart, USD/JPY trades below its 50-day Exponential Moving Average (EMA), but remains above the 200-day EMA. The EMA positions signal a bearish near-term but bullish longer-term bias. Nevertheless, favorable yen fundamentals align with the short-term technicals, indicating a bearish medium-term outlook.

A sustained break below the 200-day EMA would signal a bearish trend reversal, bringing the 150 support level into play. If breached, 145 would be the next key support level.

Importantly, a sustained fall through the EMAs would reinforce the negative medium- to longer-term price outlook.

Created on February 15, 2026

When the GBP/USD begins trading tomorrow it will take place under a cautious banner which has produced rather choppy results the past month. The currency pair is still within its long-term higher realm, but below its apex values achieved in late January when the 1.38500 was challenged.

However, as the day ended the GBP like other major currencies saw strength build against the USD as weaker inflation in the U.S. once again sparked the notion the Federal Reserve needs to be more aggressive about cutting interest rates.

The broad Forex market has seen increased volatility the past couple of weeks. Tomorrow will see an absence of the large U.S. financial institutions because of an American holiday. This means lighter volumes will factor into the GBP/USD early and full trading will not return until early on Tuesday. However, the moves which have been sparked in recent trading should be kept in mind and the notion that surprises may happen should be monitored. Intriguingly, during the height of cautious trading in the GBP/USD on Friday, the 1.36000 while getting challenged and penetrated lower, showed resilience as the weekend grew near buying was sparked the last handful of hours.

The 1.36500 level could prove to be an interesting barometer early this week. If trading on Monday via Asia and the London desks maintain the GBP/USD above the 1.35500 as Tuesday takes hold, this may be signal financial institutions are leaning into a strong GBP outlook. While an internal fight has certainly been heard from inside the U.S. Fed about what to do regarding interest rates, the lower than anticipated inflation numbers this past Friday certainly gave the White House more firepower regarding their argument for the Federal Funds Rate to be cut.

However, an important element still must be considered regarding the GBP/USD, and that is caution. The broad financial markets continue to produce a high level of noise regarding equity values, bonds, and commodity prices.

• Forex has seen a definite uptick in volatility the past few weeks and this may not go away as risk-adverse behavioral sentiment threatens to shift outlooks.
• The GBP/USD is within the upper part of its long-term charts, but from a week’s perspective and monthly contemplation, the currency pair is still below highs and could be considered closer to lows.
• Meaning financial institutions are still leaning into cautious attitudes.
• It could be said that even in the wake of better than expected U.S. inflation news, the GBP/USD did not gain dramatically.

The door is open for the possibility of dramatic trading this week in the GBP/USD. The currency pair still finished below Thursday’s high watermarks. And even though the GBP/USD finished with an uptick, the currency pair’s inability to really gather strength and jump higher is concerning. The lack of velocity upwards after the U.S. CPI data highlights that caution is still a factor in financial institutions. Risk-adverse attitudes remain genuine.

The absence of the Americans tomorrow will be a good indicator of where behavioral sentiment is with the Asian and European financial institutions. Canada is also on holiday tomorrow it should be noted. The GBP/USD is at an interesting juncture and the 1.36500 could prove to be a solid barometer for traders moving forward, particularly upon the return of North American financial institutions on Tuesday. Day traders should be careful, Forex has shown the capability of producing choppy results the past few weeks as reversals have been ignited quickly. Looking for upside may feel correct in the GBP/USD, but nervousness remains a threat.

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I wrote on the 8^th February that the best trades for the week would be:

1. Long of the Dow Jones Industrial Average. This gave a loss of 1.09% over the week.

A summary of last week’s most important data in the market:

1. US CPI (inflation) – this came in just a fraction lower than expected, showing a month-on-month increase of 0.2% compared to 0.3%. This had no discernable impact on the market.
2. US Average Hourly Earnings – came in a tick higher than expected, which helped boost the greenback earlier in the week.
3. US Retail Sales – this was considerably worse than expected, showing no change month-on-month while an increase of 0.4% was expected. This created a minor dovish tilt concerning the timing of US rate cuts in 2026.
4. US Non-Farm Employment Change – somewhat better than expected, boosting the effect outlined above in 3.
5. Swiss CPI (inflation) – no change was expected month-on-month but a deflation of 0.1% was the result, which helped strengthen the Swiss Franc.
6. UK GDP – as expected.
7. US Unemployment Rate – an unexpected tick lower from 4.4% to 4.3%.
8. US Unemployment Claims– as expected.

Last week’s data had some minor effects upon the US Dollar and general outlook for risk appetite, with the US economy first looking more ready for rate cuts, but then at the end of the week still looking like its running slightly hot. Overall, the CME FedWatch tool has narrowly moved in favour of expecting three rate cuts in 2026 of 0.25% (June, September, and December), which is a dovish change for the US Dollar.

The other big news, in fact really the big news of the week in the market, was the huge gain printed by the Japanese Yen, which rose by almost 3% against the US Dollar and by a bit less against 4 other currencies. This was an unusually strong appreciation and was driven by the previous weekend’s stunning election victory by the current administration, which gives Japan its strongest government in many years. Investment has been flowing strongly into the Japanese stock market, which accounts for some of the Yen’s gain. There is also an expectation that the Bank of Japan will be hiking its interest rate soon, which is leading traders to get out of short Yen carry trade positions. However, there are strong questions as to how much further the Yen can rise over the coming days, as it looks very overbought and is due for a bullish retracement.

The coming week’s most important data points, in order of likely importance, are:

1. US Core PCE Price Index
2. US Advance GDP
3. US FOMC Meeting Minutes
4. UK Claimant Count Change
5. UK CPI (inflation)
6. Canadian CPI (inflation)
7. RBNZ Official Cash Rate / Rate Statement / Monetary Policy Statement
8. US / German / UK Flash Services & Manufacturing PMI
9. UK Retail Sales
10. US Unemployment Claims
11. Australian Unemployment Rate

Monday will be a public holiday in the USA and Canada. The entire week is a public holiday in China.

Currency Price Changes and Interest Rates

For the month of February, I forecasted that the EUR/USD currency pair would rise in value.

February 2026 Monthly Forecast Performance to Date

Last week saw one cross with excessive volatility, so I made the following weekly forecast:

• Short AUD/JPY – this produced a win of 2.23%.

There were several Yen crosses which made excessive moves, so I forecast that these crosses will rise over the coming week:

• Long AUD/JPY
• Long EUR/JPY
• Long GBP/JPY
• Long NZD/JPY
• Long CAD/JPY

The Japanese Yen was the strongest major currency last week, while the US Dollar was the weakest. Directional volatility rose slightly last week, with just over one third of all major pairs and crosses changing in value by more than 1%. The Yen was extremely volatile and made a large move higher over the week.

Next week’s volatility is likely to be similar or maybe a bit less.

You can trade these forecasts in a real or demo Forex brokerage account.

Key Support and Resistance Levels

Last week, the US Dollar printed a bearish candlestick which engulfed the real bodies of the previous two bullish candlesticks. However, there is a notable lower wick, and the price action taken together with previous candlesticks is only very marginally bearish.

Zooming out, we can see that although last week’s close was almost the lowest in more than a year, and although there is a clear long-term bearish trend in terms of the price, the action of the past year has been quite consolidative.

We certainly saw the interest rate outlook turn more bearish last week on the greenback, with markets now pricing in three rate cuts of 0.25% over the course of 2026 instead of two.

All in all, a weakly bearish bias looks sensible, but a minor rise in the greenback over the coming week would not be very surprising.

US Dollar Index Weekly Price Chart

The USD/JPY currency pair was at the heart of the Forex market last week, as it made an unusually strong move, with both the US Dollar dropping, plus the Japanese Yen gaining very strongly. The move really came from the Yen, and the Yen also gained excessively against several other currencies as well as the US Dollar.

The weekly candlestick shown below in the price chart completely engulfed the previous week, and most of the week before that. There is a very small lower wick, which could be a bearish sign, but there is a key support level close by. Shorter-term price action also shows a consolidation near the low.

The Japanese Yen gained over the past week as money flowed into Japan to invest in the strong stock market following the government’s landslide election win. There is also an expectation that the Bank of Japan will make more rate hikes soon, which will tend to boost the Yen.

Despite these factors, I expect that the Yen will give up some of its gains over the coming week. As well as the support level at ¥152.14 there is also a long-term bullish ascending trend line which is currently located at the support level below that, at ¥151.61.

Bullish bounces off either of these support levels could be excellent long trade entries with the kind of volatility we are seeing now. This kind of trade against the Yen will likely work even better in one or more of the Yen crosses over the coming week.

USD/JPY Weekly Price Chart

The S&P 500 Index has been in a strong bull market for a long time. However, although we did see a new record high price just a couple of weeks ago, a look at the weekly chart below shows that the price has just been consolidating, or topping out, for about the last 9 weeks. The support below at 6737 looks pivotal, and the support below that confluent with 6,500 looks even more so, especially when you consider the 200-day simple moving average is confluent with that major half-number.

It is still technically a bull market, and I would go long if we got a record high daily close above 7,025, but the choppiness and reluctance to make new highs suggests we are going to see a deeper drop, which may or may not be the beginning of the end of this bull market.

The NASDAQ 100 Index looks even more vulnerable to a significant fall.

S&P 500 Index Weekly Price Chart

BTC/USD has been making significant bearish breakdowns below some long-term support levels and reached a new 16-month low. This was technically very significant in a bearish way. However, this week’s candlestick is an inside bullish near-doji / pin bar, which suggests an end to the drop, even if temporary. So, we may have finally seen some long-term dip buying, although the price action here does not look confidently bullish.

I would be nervous to be bullish as Bitcoin has been such a standout bearish asset over recent weeks and months. If the price can get established above the resistance level near $81,000 then I would have more confidence that bulls were getting the upper hand.

Alternatively, if the price breaks below the recent low at about $60,000 that would be a very bearish sign, and one that might be worth trading short on the breakdown. That would probably trigger a further drop towards the $50,000 area soon.

Bitcoin Weekly Price Chart

Gold, like Silver, saw a massive drop in just a day or two at the end of January. Gold fell quickly from a record high at about $5,600 to a low at $4,400 by the end of the week, but has been regaining ground with choppy, wide-swinging price action, as you can see in the daily chart below.

Applying a Fibonacci retracement study, we can see that the halfway level of this movement is very confluent with a major round number at $5,000 and this has been broken to the upside, although it has not managed to hold as key support – yet $4,880 has.

The price action suggests we are going to get a slowly rising consolidation on gradually declining volatility, like a struck tuning fork playing itself out.

Despite seeing Gold as likely to be weakly bullish, I am not interested in being long here again until the price makes a long-term, multi-month high closing price.

It is also notable that Gold is behaving more bullishly than any other precious metal.

Gold Daily Price Chart

I see the best trades this week as:

1. Long of the S&P 500 Index following a daily (New York) close above 7,025.
2. Long of any JPY currency cross except CHF/JPY.

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