GBPUSD - 12 Mar, DOW formation for downtrend

GBPUSD trend forecast March 12, 2025

💬Although Pound Sterling (GBP) is in overbought territory, it may still have enough momentum to challenge the 1.2975 level against the US Dollar (USD) before facing an increased risk of a pullback. In the longer term, the GBP's upward trend seems poised for consolidation or a temporary pause. A drop below 1.2855 would signal a weakening of bullish momentum, according to UOB Group's FX analysts Quek Ser Leang and Peter Chia.

The GBP’s uptrend appears set for consolidation or a pause

💬 H1 timeframe forms DOW for bearish, pay attention to sell signal today

🥇/// SELL GBPUSD: zone 1.29400 - 1.29550

SL: 1.29800

TP: 40 - 60 - 100pips ( 1.28550)

Safe and profitable trading