empty
InstaForex - Official partner of Dragon Racing
InstaForex - Official partner of Dragon Racing
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Key documents
Social Responsibility
11.03.2025 12:00 PM
Forecast for GBP/USD on March 11, 2025
Open trading account Open demo account

On the hourly chart, the GBP/USD pair made its third rebound from the 1.2931 level on Monday, leading to a decline toward 1.2865. A bounce from this level could lead to a return of the British pound to 1.2931. However, if the pair consolidates below 1.2865, the probability of a further decline toward the 100.0% Fibonacci level at 1.2810 will increase. Bulls showed some weakness on Monday but are not retreating from the market.

This image is no longer relevant

The wave structure is absolutely clear. The last completed downward wave did not break the previous low, while the last upward wave broke the previous peak. This suggests that a bullish trend is still forming. The pound has shown very strong growth recently, perhaps excessively strong. However, the fundamental backdrop is not particularly supportive of uninterrupted bullish rallies.

There was no significant economic news on Monday, which made the pound's decline somewhat surprising at first glance. However, after last week's strong rally, a correction was expected by all traders. The only issue is that the strength of the bulls is preventing a full-fledged pullback. Traders remain highly skeptical about current developments in the United States. The situation is not limited to import tariffs—Donald Trump also intends to withdraw from the United Nations and NATO, making statements that contradict U.S. policies of recent years and even decades. Essentially, Trump is reshaping everything to his own vision.

First, I doubt that a single individual can completely change both domestic and foreign policy within just four years. Second, mass protests have already begun in the U.S. against Trump's presidency, as Americans take to the streets opposing his policies, which are escalating tensions with many allied nations. The U.S. stock market has been falling since Trump took office, which is displeasing for everyone—consumers, who are forced to pay higher prices due to tariffs, and investors, who are losing money.

This image is no longer relevant

On the four-hour chart, the pair continues to rise and has consolidated above the 50.0% Fibonacci level at 1.2861, allowing for further upside toward the next retracement level of 38.2% at 1.2994. I do not expect a strong decline in the pound unless the pair breaks below the ascending channel. However, the CCI indicator has formed a bearish divergence, and if the pair closes below 1.2861, we could see further downside toward the 61.8% Fibonacci level at 1.2728.

Commitments of Traders (COT) Report:

This image is no longer relevant

The Non-commercial category of traders became slightly less bearish over the last reporting week. The number of long positions increased by 7,777, while short positions decreased by 6,334. Bears have lost their advantage in the market, with the gap between long and short positions now standing at nearly 20,000 in favor of bulls: 82,000 vs. 63,000.

I believe that the pound still has downward potential, but recent developments could shift the market's direction in the long term. Over the past three months, the number of long positions has declined from 98,000 to 81,000, while the number of short positions has dropped from 78,000 to 63,000. In my view, professional traders may start reducing their long positions or increasing short positions, as most possible bullish factors supporting the pound have already played out. However, a sharp shift in market sentiment toward the U.S. economy due to Trump's policies could prevent traders from buying the dollar and selling the pound.

Economic Calendar for the U.S. and the U.K.:

United States – JOLTS Job Openings (14:00 UTC)

On Tuesday, the economic calendar contains only one second-tier report. As a result, the impact of news on market sentiment is expected to be minimal or absent altogether.

GBP/USD Forecast and Trading Recommendations:

Selling the pair was possible after a rebound from 1.2931 on the hourly chart, with a target at 1.2810. These trades can still be held open with a stop-loss at breakeven. Buying opportunities will arise after a rebound from 1.2865 on the hourly chart or if the pair closes above 1.2931, with a target at 1.2994.

Fibonacci retracement grids are drawn from 1.2809–1.2100 on the hourly chart and 1.2299–1.3432 on the four-hour chart.

Samir Klishi,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Technical analysis
EUR/USD. March 13th. Bulls Are Tired of Playing Along with Trump On Wednesday, the EUR/USD pair continued a very weak decline after rebounding from the 1.0944 level. This morning, it reached the 200.0% corrective level at 1.0857. A rebound from this
Samir Klishi
12:18 2025-03-13 +02:00
1015
Technical analysis
GBP/USD. March 13th. U.S. Inflation Made Things Worse for the Dollar On the hourly chart, the GBP/USD pair continued its upward movement toward the 127.2% Fibonacci retracement level at 1.3003 on Wednesday. The growth was weak, and the bulls failed
Samir Klishi
12:16 2025-03-13 +02:00
1015
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD. March 13th. Bulls Are Tired of Playing Along with Trump

On Wednesday, the EUR/USD pair continued a very weak decline after rebounding from the 1.0944 level. This morning, it reached the 200.0% corrective level at 1.0857. A rebound from this
Samir Klishi 11:18 2025-03-13 UTC+2

GBP/USD. March 13th. U.S. Inflation Made Things Worse for the Dollar

On the hourly chart, the GBP/USD pair continued its upward movement toward the 127.2% Fibonacci retracement level at 1.3003 on Wednesday. The growth was weak, and the bulls failed
Samir Klishi 11:16 2025-03-13 UTC+2

Forex forecast 13/03/2025: EUR/USD, USD/JPY, Oil and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
Sebastian Seliga 10:24 2025-03-13 UTC+2

Indicator Analysis: Daily Review for GBP/USD on March 13, 2025

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
Stefan Doll 09:45 2025-03-13 UTC+2

Indicator Analysis for EUR/USD on March 13, 2025

On Thursday, the market may continue moving downward from 1.0886 (yesterday's daily close) toward 1.0861 – the 14.6% Fibonacci retracement level (blue dashed line). From this level, a rebound upward
Stefan Doll 09:25 2025-03-13 UTC+2

Technical Analysis of Intraday Price Movement GBP/AUD Cross Currency Pairs, Thursday March 13, 2025.

If we look at the 4-hour chart of the GBP/AUD cross currency pair, it appears that the AB=CD Harmonic pattern has emerged, especially with the support of the Stochastic Oscillator
Arief Makmur 09:15 2025-03-13 UTC+2

Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday March 13, 2025.

With the movement of the Nasdaq 100 index price moving below its MA (50) and the appearance of Divergence between the Nasdaq 100 index and the Stochastic Oscillator indicator
Arief Makmur 09:15 2025-03-13 UTC+2

EUR/USD Forecast for March 13, 2025

Yesterday, U.S. inflation data indicated a slowdown in February, with core CPI at 2.8% year-over-year compared to 3.0% in January, which was also above the forecast of 2.9%. However
Laurie Bailey 04:13 2025-03-13 UTC+2

GBP/USD Forecast for March 13, 2025

By the end of yesterday, the British pound experienced a slight increase, continuing its overall upward trend. The price is attempting to reach the target level of 1.3001, while
Laurie Bailey 04:13 2025-03-13 UTC+2

USD/CAD Forecast for March 13, 2025

On the daily chart, both the price and the Marlin oscillator are forming triangles. If it weren't for the downward pressure from the MACD line, the trend would likely
Laurie Bailey 04:13 2025-03-13 UTC+2

Top analytics

Relevance up to 01:00 2025-03-14 UTC--4
Intraday Strategies for Beginner Traders on March 13
07:56 2025-03-13
Forecast
Relevance up to 21:00 2025-03-13 UTC--4
EUR/USD Pair Overview – March 13: Bad Canada and Good Trump
04:12 2025-03-13
Fundamental analysis
Relevance up to 02:00 2025-03-14 UTC--4
EUR/USD: Simple Trading Tips for Beginner Traders on March 13. Review of Yesterday's Forex Trades
09:01 2025-03-13
Forecast
Relevance up to 02:00 2025-03-14 UTC--4
GBP/USD: Simple Trading Tips for Beginner Traders on March 13. Review of Yesterday's Forex Trades
09:01 2025-03-13
Forecast
Relevance up to 22:00 2025-03-13 UTC--4
EUR/USD Forecast for March 13, 2025
05:13 2025-03-13
Technical analysis
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.