Indicator Analysis: Daily Overview for GBP/USD on March 12, 2025

Trend Analysis (Figure 1).

On Wednesday, the market may begin moving downward from the 1.2942 level (previous daily close), targeting 1.2905—the 14.6% retracement level (yellow dashed line). Upon testing this level, the price may rebound upwards, aiming for 1.2977—resistance line (bold blue line).

Figure 1 (Daily Chart).Comprehensive Analysis:Indicator analysis – bearishFibonacci levels – bearishVolume analysis – bearishCandlestick analysis – bearishTrend analysis – bearishBollinger Bands – bearishWeekly chart – bearishGeneral Conclusion: Bearish Trend

Alternative Scenario: If the market starts declining from the 1.2942 level, it may target 1.2868 (23.6% retracement level, yellow dashed line). If this level is tested, the price may rebound upwards toward 1.2977—resistance line (bold blue line).