empty
 
 
13.03.2025 05:13 AM
GBP/USD Forecast for March 13, 2025

By the end of yesterday, the British pound experienced a slight increase, continuing its overall upward trend. The price is attempting to reach the target level of 1.3001, while the Marlin oscillator remains above its support level of 0.0216. A breakout above resistance would pave the way toward 1.3101.

This image is no longer relevant

Today, the U.S. will release data on initial jobless claims, with a forecast of 226,000, compared to 221,000 the previous week and 242,000 two weeks ago. This report is particularly noteworthy as it may shed light on how the labor market is responding to Trump's personnel policies. Are they as damaging as some fear? Our analysis suggests they are not, as many reports indicate that dismissed workers are finding jobs in related industries.

This image is no longer relevant

On the four-hour chart, the Marlin oscillator continues to consolidate near the neutral zero line. The price is rising, and the Marlin is poised to support this upward movement. If the price breaks above 1.3001, we may see an acceleration in growth. In any case, the MACD line is consistently positioned to provide support at 1.2895.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback