GBPUSD - 21 Mar , SELL NOW trendline + resistance zone

GBPUSD trend forecast March 21, 2025

💬The Pound Sterling (GBP) continues its correction, edging lower toward 1.2920 against the US Dollar (USD) during European trading hours on Friday. The GBP/USD pair weakens as the USD extends its rebound, driven by rising expectations that the Federal Reserve (Fed) will delay interest rate cuts. The US Dollar Index (DXY), which measures the Greenback’s strength against a basket of six major currencies, gains momentum and surpasses the critical 104.00 resistance level.

The Fed reiterated its cautious stance on rate cuts after keeping interest rates steady within the 4.25%-4.50% range on Wednesday. Policymakers emphasized that the decision to maintain current rates stems from “unusually elevated” uncertainty surrounding the US economic outlook, attributed to significant policy shifts under President Donald Trump's administration.

💬 Downtrend, same trendline, liquidity in resistance zone H1, suitable for sell signal GBPUSD

🥇/// SELL GBPUSD : zone 1.29450 - 1.29550

SL: 1.29850

TP: 40 - 60 - 100pips ( 1.28550 )

Safe and profitable trading