Technical analysis of GBP/USD 03/14/2025

The GBP/USD currency pair on (1D) is at the stage of transition from correction to an uptrend.

The pair broke through the resistance of 1.2930 (61.8% Fibo), reached the 1.2990 mark and is currently consolidating in the 1.2950 area.

The technical picture suggests the development of an upward trend with a target of 1.3430 (last year’s high).

The support area is the 1.2800 level (MA200).

Created by Joshua Hayn

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