
Technical Analysis of the Pound – 10th to 14th march
Pound Analysis (Daily Time Frame) As mentioned in the main scenario of last week’s analysis, GBP/USD found support at the mentioned zone and moved upward. Given the bullish momentum, the key question is whether it can break the upcoming resistance zones and continue higher. Main Scenario (Higher Probability): Considering the structure of the bullish candles and the steep trend slope, the outlook remains bullish. However, GBP/USD faces a key resistance at 1.30479, and after reaching this area, a corrective move is expected toward the 1.28118, 1.27164, or even 1.25593 zones before continuing its upward trend. Alternative Scenario (Lower Probability): If buying